Lead time refers to the delay between the placement of an order and its actual receipt. Learn how Just-In-Time Inventory Control (JIT) can reduce lead time.
Explore the detailed definition of lead time, understand how it operates within various processes, and review practical examples to grasp its importance in industries such as manufacturing and supply chain management.
Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.