The total time required from the start of a process until its completion, including both processing time and waiting time. It measures the entire duration from request to delivery.
From 'lead' (Old English 'lædan', to guide) and 'time'. Originated in manufacturing in the early 1900s, referring to the time needed to 'lead' a product through the entire production process.
Lead time is like measuring how long it takes to get pizza delivered - from the moment you place the order until it arrives at your door, including cooking time and delivery time. Reducing lead time is often more valuable than reducing costs because customers value speed!
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