Turnaround time

Definition

Turnaround time is the time it takes to complete a procedure or fulfill a request, from accepting a project until it gets completed. For example, the time it takes to print your order and have it ready to ship is known as the printing turnaround time. 

Some crucial activities, such as healthcare patient turnover, new product development, and consumer credit approvals, require quick turnaround times.

Resources

https://www.integrify.com/turnaround-time-improvement/