Extended Lead Time (ELT) is a concept in business which helps organizations plan activities with long-term perspectives. It looks at the entire timeline of a project and factors in all dependencies from start to finish to help create viable timelines. ELT gives companies the power to think ahead and plan effectively, while managing their resources. It also provides insight into risk management, allows businesses to make decisions that are data-driven and helps them stay prepared for unexpected disruptions. By leveraging an ELT approach, businesses can identify opportunities and avoid costly surprises due to late deliveries or other unforeseen events.