MARKET4.0 mapped on
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)
M4.0 reduces the required time to select the most suitable equip0ment for a manufacturing process.