How to calculate lead time in inventory?

The lead time is the duration between placing an order until receiving the order. This term is used in the production planning. Let's suppose you just noticed that the number of units of product X in.The term 'lead time' means the time interval between the initiation and the completion of a production process. This is important because it is the communication process between the supplier and the...Duration = (Tf - Ti) Tf = final time Ti = initial time