Lead Time Formula:
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Lead time is the amount of time that passes from the start of a process until its completion. In business, it often refers to the time between placing an order and receiving it.
The calculator uses the lead time formula:
Where:
Explanation: The formula calculates the total calendar days between two dates, then subtracts any non-working days to get the actual working days.
Details: Accurate lead time calculation helps in project planning, inventory management, and setting realistic customer expectations.
Tips: Enter the start and end dates in YYYY-MM-DD format, and specify any non-working days (weekends, holidays, etc.). The end date must be after the start date.
Q1: What's the difference between lead time and cycle time?
A: Lead time measures the total time from request to delivery, while cycle time measures the time spent actually working on the item.
Q2: Should I include weekends in non-working days?
A: Yes, unless your organization works weekends. The calculator lets you specify all non-working days.
Q3: How precise is this calculation?
A: It provides calendar day precision. For hour-level precision, you'd need a more detailed calculator.
Q4: Can I use this for project management?
A: Yes, it's useful for estimating task durations, but consider also using project management software for complex projects.
Q5: What if my non-working days vary?
A: You may need to calculate periods separately or use an average value for non-working days.