📦  Long Lead Times

Long Lead Times#

Extended delays between ordering and receiving goods.

Important

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What it is#

Lead time is the total span from placing an order to having the goods available; long lead times are extended delays — weeks or months for overseas sourcing, slow procurement, or constrained production.

The inventory cost#

Longer lead times force businesses to hold more safety stock to cover demand over the wait, directly raising holding costs — safety stock scales with the square root of lead time:

\[\text{SS} = Z \times \sigma_D \times \sqrt{L}.\]

They also cut agility: you can’t respond quickly to demand shifts, and the risk of stockouts and missed deliveries climbs.

Variability is worse#

An unpredictable lead time is more damaging than a long-but-stable one, because its variance widens the buffer needed. Causes include geographic distance, production constraints, poor visibility and transport disruptions.


Theme: Operations & Supply Chain  ·  All terminology



See also

Source article Adapted (context, re-expressed) in our own words from: Long Lead Times (insightful-data-lab.com).

Tags: purpose: reference topic: terminology level: intermediate