ledtid
Ledtid is a term used in Norwegian and other Scandinavian languages to denote lead time in supply chain, production, and project management contexts. It describes the interval between the initiation of a request, such as placing an order, and the delivery or fulfillment of the finished product or service.
In practice, ledtid encompasses all phases from order placement to customer receipt, including supplier lead time,
Ledtid is distinct from cycle time. Cycle time measures the duration of a single operation or process
Measurement and management practices include tracking average and percentile lead times, recording order dates and delivery
Understanding ledtid helps organizations balance responsiveness and efficiency, optimize inventories, and align capacity planning with customer
See also: supply chain management, procurement, inventory management, cycle time, safety stock.