Lead time refers to the amount of time it takes to produce a product or provide a service, from receiving an order to delivering the final product to the customer.

Supply chain management (SCM) is the coordination and management of all activities involved in the production and delivery of a product, from raw materials to end customers. It involves managing relationships with suppliers, manufacturers, distributors, and customers to ensure that products are delivered in a timely and cost-effective manner.

So, while lead time is a specific aspect of SCM that deals with the time required to produce a product, SCM encompasses all aspects of the production and delivery process.

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