Cycle time reduction through various business subcycles.
Industrial Management › Vol. 37 Nbr. 3, May 1995
Linked as:
Summary
The importance of reducing business cycle time has grown in the modern, highly-competitive business environment. In many industries such as the automotive sector and consumer electronics, the reduction of cycle time has actually become the biggest factor in a company's competitiveness. Cycle time reduction can bring increased profits, improved quality and better productivity.
See the full content of this document
Extract
Cycle time reduction through various business subcycles.
In a world of increasing global competition with increasing customer requirements, reduction of business cycle time has become the focal point of competition in a wide variety of industries. The fast pace of technological changes and the need to respond quickly to international competition place a premium on a company's ability to respond quickly to customer demands. Responsiveness refers to the ability to satisfy customer requirements in a timely fashion. Marketplace responsiveness results from the application of synchronous and lean strategies that often leads to reduced cycle time in bringing new products to market. Cycle time is important to the development of new products as well as the production and marketing of existing products. These include launching a new product; filling an order from shelf stock; assembling to customer requirement; and engineering-to-order.
Time-based competition (TBC) is the strategy of compressing time out of every aspect of the product delivery system. It begins with the clear understanding of customer requirements for product and services and ends with the delivery of high quality products and services as specified by the custome...See the full content of this document
Sponsored links
