Definition of production lead time

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TeachMeFinance.com - explain production lead time



production lead time

'production lead time' is an military term. It means '(DOD) The time interval between the placement of a contract and receipt into the supply system of materiel purchased. Two entries are provided: a. initial--The time interval if the item is not under production as of the date of contract placement; and b. reorder--The time interval if the item is under production as of the date of contract placement. See also procurement lead time'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".

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