Word forms: lead times
1. countable noun Lead time is the time between the original design or idea for a particular product and its actual production. [business] ⇒ They aim to cut production lead times to under 18 months. 2. countable noun Lead time is the period of time that it takes for goods to be delivered after someone has ordered them. [business] [+ on] ⇒ Lead times on new equipment orders can run as long as three years.
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