What is lead time in SAP BPI-PI - SAP Process Insights?

SAP Term: lead time

• Component: BPI-PI

• Component Name: SAP Process Insights

• Description: The time it takes on average for business object instances to transition between different stages of a process flow.

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• Key Concepts: 
  Lead time is the amount of time it takes for a process to be completed from start to finish. In the context of BPI-PI SAP Process Insights, lead time is the amount of time it takes for a process to be completed from the moment it is initiated until it is completed. 
  
  How to use it: 
  Lead time can be used to measure the efficiency of a process and identify areas for improvement. It can also be used to compare different processes and determine which one is more efficient. Additionally, lead time can be used to set expectations for how long a process should take and ensure that processes are completed in a timely manner. 
  
  Tips & Tricks: 
  When measuring lead time, it is important to consider all steps in the process, including any delays or waiting periods. Additionally, it is important to consider any external factors that may affect the lead time, such as customer demand or supplier availability. 
  
  Related Information: 
  Lead time is closely related to cycle time, which is the amount of time it takes for a process to be completed from start to finish without any delays or waiting periods. Additionally, lead time can be used in conjunction with other metrics, such as throughput and capacity utilization, to gain a better understanding of a process’s performance.