Dictionary of Procurement Terms

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Search Results: 1-3 of 3 results for “Lead Time”

  • Lead Time

    The period of time from date of ordering to date of delivery, including the time required for the supplier to manufacture or prepare the goods for shipment; may include the time needed by the procurement function to process the purchase request, issue a solicitation, evaluate bids and award a contract.

    See Also: Supplier Lead Time

  • Procurement Lead Time

    The total lead time required to obtain a purchased item. Includes purchasing lead time, supplier lead time, transportation time, receiving, and inspection.

  • Supplier Lead Time

    The time that normally elapses between the time an order is received by the supplier and shipment of the material.

    See Also: Lead Time