Lead time
Lead time is the minimum notice before a booking or an order can be accepted: fifteen minutes for a takeaway order, two hours for a large one, a day for a cake, a week for a service that needs parts ordering. Setting one global lead time is the usual mistake - it belongs per item or per service, with the busiest periods allowed their own figure.
In practice
Lead time is how far ahead something must be booked. Fifteen minutes for a takeaway order, two hours for a large one, a day for a cake, a week for a service that needs parts ordering.
Setting one global lead time is the usual mistake. Too long and you lose the person standing outside wanting food now; too short and you accept the big order you cannot prepare. It belongs per item or per service, with the busiest periods allowed their own figure.
It also pairs with a cut-off: the last time an order can be placed for today, which is not the same as closing time and should be visible before somebody fills a basket.
Also called: notice period, cut-off time.