What is Lead Time? Strategies to Avoid Long Lead Times
If you're purchasing products or materials, chances are you know all about lead time — what it is, why it's essential, and how it can help your company. But for those who might not be familiar with the term, lead time is simply the amount of time between an order being placed and having it fulfilled. Lead times play a significant role in helping to meet customer expectations, keeping up with production goals, and minimizing costs. In this blog post, we will explore what lead times mean for businesses and walk through strategies to ensure shorter & more manageable lead times overall.