Product Lead Time refers to the total amount of time it takes to get a product from when it’s first ordered to when it’s finally delivered. This includes any delays caused along the way due to production, purchasing, and delivery times. Companies use product lead time to track their efficiency and make predictions about future orders. It’s an important measure of how quickly businesses can fulfil customer needs and deliver value. Product Lead Time is a valuable metric for any business looking to stay competitive and keep customers satisfied.