• The latency between the initiation and completion of a process. For example, the lead time between the placement of an order and delivery of a new car by a given manufacturer might be between two weeks and six months, depending on various particularities. Manufacturing lead time, as another example, may be defined as the total time required to manufacture an item, including order preparation time, queue time, setup time, run time, move time, inspection time, and put-away time. ← Wikipedia

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