Supplier Lead Times refer to the amount of time it takes for a supplier to deliver goods or services to a customer. This is an important metric for businesses as it impacts cash flow and inventory management, as well as product availability. In business terms, Supplier Lead Times represent the amount of time between when products are ordered and when they are delivered to customers. As such, shorter lead times can improve customer satisfaction by ensuring that they always receive their products in a timely manner. Additionally, efficient lead times can help reduce costs associated with production, storage, and transportation. Understanding and managing supplier lead times is essential for businesses who want to maintain a competitive edge in their industry.