Lead Time
The time between confirming an order and dispatching the goods, or sometimes delivering them. It includes sourcing, production or synthesis, testing, packing and export documentation. Transit time is usually stated separately. Lead times for stock items may be days, while custom synthesis and dangerous goods consolidation can take several weeks.
Related terms
Custom Synthesis
The preparation of a compound to a customer's specification when it is not available commercially, or not at…
Incoterms
A set of eleven trade terms published by the International Chamber of Commerce that define the responsibiliti…
MOQ (Minimum Order Quantity)
The minimum order quantity is the smallest amount a supplier will sell in one order, set for reasons such as…
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