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Lead time
General desciption of Lead time:
A lead time is the latency between the initiation and execution of a process. For example, the lead time between the placement of an order and delivery of a new car from a manufacturer (from https://en.wikipedia.org/wiki/Lead_time)
Comment:
By reducing failures, downtimes, unplanned outages the manufacturing will minimize the lead time and maximise the response time: stock-outs, lot processing delays, capacity bottlenecks will be avoided.