The bleeding time test measures the time it takes for a small puncture wound to stop bleeding. It evaluates platelet function and vascular integrity. The preferred method is the Surgicutt/Simplate method, which uses a spring-loaded device to make a standardized 1mm deep incision. The procedure involves inflating a blood pressure cuff to 40mmHg, making the incision, and blotting the wound every 30 seconds with filter paper to see when bleeding stops. The normal bleeding time range is 1-9 minutes. Sources of error include aspirin use, improper puncture technique, not timing correctly, or allowing the filter paper to touch the wound.