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TeachMeFinance.com - explain Lead Time lead time -- Period of time required to prepare for a certain stage of a project. For example, the lead time in introducing a new product is the time it takes for research, development, market research, and factory preparation. another definition... Lead Time -- That period of time needed to prepare for an action. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.