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TeachMeFinance.com - explain procurement lead time procurement lead time 'procurement lead time' is an military term. It means '(DOD) The interval in time between the initiation of procurement action and receipt into the supply system of the production model (excludes prototypes) purchased as the result of such actions. It is composed of two elements, production lead time and administrative lead time. See also production lead time; receipt into the supply system'. Previous 5 Terms: process owner processing_ processing _ processing and exploitation- proclamation - Next 5 Terms: procuring contracting officer producer countries_ production base _ production lead time- production logistics - Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.