What is Lead Time?
Lead Time The total time elapsed from placing an order with a supplier until the goods are received and available in inventory; tracked as a core supply chain KPI and referenced in contracts.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Lead Time” Used in Practice?
Minimizing lead time improves inventory availability and increases responsiveness to customer demand in logistics operations.
Certification Exam Relevance
Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Lead Time?
The total time elapsed from placing an order with a supplier until the goods are received and available in inventory; tracked as a core supply chain KPI and referenced in contracts.
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