Time based competition

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Time based competition
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Time based competition

• Customers now penalize suppliers that infringe on
  their time, whether through delays, mistakes or
  inconveniences. Todays customers demand
  operations that are airborne, on-line and real-
  time. Soon is not the answer the customers want
  to hear. They count the speed of response time as
  a Key Value Dimension. Their directive to the
  market place is loud and clear - continuously
  shrink the interval between our need and when
  you can fill it - qualitatively.

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Time Based Competition Added Value.

• The key to time - based competition is not about
  driving people and machines faster, but about the
  elimination of waste.
• Waste is often confused with materials ruined or
  discarded or time which could obviously have been
  better spent . However this view is only partial.
• Waste is any operation which does not add value.

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Sources of unproductive Time.

• Waiting time.
• Set- up times.
• Time spent on over production .
• Avoidable Transportation.
• Ineffective communication.
• Inopportune timing of activity.

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Time based competition - Gains.

• The implementation of a real-time organization,
  with real time systems , will have the effect of
  changing the working relationship within the
  organization as well as those with the partners
  and customers . The application of technology
  will change the corporate culture. As these
  systems are adopted , new ideas for services and
  products , new ways of gaining customer loyalty
  and new methods of team collaboration will take
  shape resulting in tremendous gains.