Business Days Calculation:
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Lead time in business days represents the actual working days required to complete a process or deliver a product, excluding weekends and holidays. It's a crucial metric in supply chain management and project planning.
The calculator uses a simple formula:
Where:
Explanation: This calculation helps determine the actual working days available for operations by subtracting non-productive days from the total calendar days.
Details: Accurate business days calculation is essential for project scheduling, delivery date estimation, inventory management, and service level agreements.
Tips: Enter the total calendar days and the number of non-business days (weekends + holidays). The calculator will show the remaining business days.
Q1: What counts as a non-business day?
A: Typically weekends (Saturday and Sunday) plus public holidays. Some industries may have different standards.
Q2: How does this differ from working days?
A: Business days generally exclude weekends and holidays, while working days might exclude only company-specific non-working days.
Q3: Should I count partial days?
A: For precise calculations, convert partial days to decimal values (e.g., 0.5 for half a day).
Q4: How do I account for different work weeks?
A: For non-standard work weeks (e.g., Sunday-Thursday), adjust your non-business days count accordingly.
Q5: Can I use this for international calculations?
A: Yes, but be sure to account for local holidays and weekend conventions in your non-business days count.