What is "Lead time"?
Lead time refers to the amount of time it takes for the supplier to fulfill and deliver an order once it has been placed.
It includes the time required for production, processing, and shipping of the products.
Knowing the lead time is crucial for planning purposes as it helps you understand when you can expect to receive your ordered goods. When communicating with suppliers, inquire about the lead time to ensure alignment with your business timelines and customer expectations.