production lead time


Also found in: Acronyms.

production lead time

The time interval between the placement of a contract and receipt into the supply system of materiel purchased. Two entries are provided: a. initial--The time interval if the item is not under production as of the date of contract placement; and b. reorder--The time interval if the item is under production as of the date of contract placement. See also procurement lead time.
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Hitachi established the high-efficiency production model using IoT at Omika Works for designing and manufacturing information control systems and devices in the high-mix low-volume production method in October 2016, and reduced the production lead time for the representative product(2) by 50 percent.
Acquisition staff members do not incorporate production lead time or order quantities--and the associated disposal risks--into the definition of 'best value.
2010, WIP can be measured in pieces, if the production lead time is nearly the same for each product variant.
A typical challenge: adequately forecasting demand for helicopter blades, which cost upward of $175,000 each and where demand has been running at about 22 units a month with production lead times of roughly two years.
With a typical tooling price of $20,000 and up, elevated production rates due to capital costs in the hundreds of thousands of dollars, and extended production lead times, it's no wonder that more manufacturers are balking at the use of high speed power press/progressive dies on routine light stamping jobs.
It defines this system, describes how this process begins, explains how rigor is put back into a cool industrial base, demonstrates how it smooths variations in demands and decreases production lead times, and shows how it improves availability and lowers costs of critical parts for end users.
The team begins building a business case to determine the cast design's impact on acquisition costs and/or production lead time.
However, even with a production lead time of zero, inventory is still needed to cover the distribution time, which can often be longer than production time.
Since customers are served through the finished-goods inventory in MTS, production lead time will not be much of a concern to the customer.
Compared to the conventional distributed approach, the integrated manufacturing of highly secure cards delivers relevant cost advantages and dramatically reduces production lead time.