<P> A more conventional definition of lead time in the supply chain management realm is the time from the moment the customer places an order ( the moment the supplier learns of the requirement ) to the moment it is ready for delivery . In the absence of finished goods or intermediate ( work in progress ) inventory , it is the time it takes to actually manufacture the order without any inventory other than raw materials . The Chartered Institute of Procurement & Supply identifies `` total lead time '' as a combination of `` internal lead time '' ( the time required for the buying organisation 's internal processes to progress from identification of a need to the issue of a purchase order ) and `` external lead time '' ( the time required for the supplying organisation 's processes , including any development required , manufacture , despatch and delivery ) . </P>
<P> A more conventional definition of lead time in the supply chain management realm is the time from the moment the customer places an order ( the moment the supplier learns of the requirement ) to the moment it is ready for delivery . In the absence of finished goods or intermediate ( work in progress ) inventory , it is the time it takes to actually manufacture the order without any inventory other than raw materials . The Chartered Institute of Procurement & Supply identifies `` total lead time '' as a combination of `` internal lead time '' ( the time required for the buying organisation 's internal processes to progress from identification of a need to the issue of a purchase order ) and `` external lead time '' ( the time required for the supplying organisation 's processes , including any development required , manufacture , despatch and delivery ) . </P>
what is lead time in supply chain management
what is lead time in supply chain management
the time from the moment the customer places an order ( the moment the supplier learns of the requirement ) to the moment it is ready for delivery
the time from the moment the customer places an order ( the moment the supplier learns of the requirement ) to the moment it is ready for delivery