Word: Turnaround Time
Definition:
Turnaround time refers to the amount of time it takes to complete a process and be ready to start again. It is often used in business and shipping contexts to describe how long it takes to finish a task or prepare something for its next use.
Usage Instructions:
- Use "turnaround time" when talking about how quickly something can be done and ready to go again. - It is commonly used in industries like shipping, manufacturing, and services.
Example:
- "The turnaround time for our delivery service is usually 24 hours, meaning you can expect your order the day after you place it."
Advanced Usage:
- In business, companies often aim to reduce their turnaround time to improve efficiency and customer satisfaction. - It can also be used in project management to discuss how quickly a project can be completed and ready for the next phase.
Word Variants:
- Turnaround (noun): The act of turning something around or changing direction. - Turnaround (verb): To change something quickly, often used informally.
Different Meanings:
- In a more general sense, "turnaround" can also mean a significant change in a situation, like improving the performance of a company or project.
Synonyms:
- Response time - Processing time - Completion time - Cycle time
Idioms and Phrasal Verbs:
While "turnaround time" itself is a specific phrase, here are related idioms and phrasal verbs: - "Turn the tide": To change a situation or outcome. - "Turn around": To change direction or to improve a situation.
Summary:
Turnaround time is an important concept in various fields, indicating how long it takes to get something ready for the next step.