Production lead time
Wicks, Elin M. Department of Industrial Engineering, University of Missouri, Columbia, Missouri.
Last reviewed:January 2020
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The total time required to convert raw materials into a finished product. More than the simple sum of machine operation and assembly times, it also includes time spent waiting for machines to be available, moving between machines, and performing quality inspections and other nonoperation functions. Short production lead times are ideal, as long times reduce the responsiveness of a company and result in high inventories.
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