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Lead time
The total amount of time between the recognition of a required task, operation or process and its completion. Elements of lead time can include order entry, material accumulation, machine setup, queue, processing, move and other activities, which can be classified by systems that seek to eliminate waste as valued-added (processing that actively adds value as perceived by the customer) and non value-added.
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- Part of Speech: noun
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- Industry/Domain: Software
- Category: Supply chain
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