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  • Time Management

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    Fouzan Soniwala
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    Time-based competition is becoming increasingly important as customers now penalize suppliers for delays, mistakes, and inconveniences. To satisfy customers, operations must be fast-paced and in real-time. The key to time-based competition is eliminating waste, not just in materials but also unnecessary time spent on activities that do not add value like waiting, set-up times, overproduction, transportation, communication issues, and improperly timed activities. Implementing real-time systems can change an organization's culture and relationships with partners and customers, opening opportunities for new ideas, customer loyalty methods, and team collaboration resulting in significant gains.

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    Time Management

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    Time-based competition is becoming increasingly important as customers now penalize suppliers for delays, mistakes, and inconveniences. To satisfy customers, operations must be fast-paced and in real-time. The key to time-based competition is eliminating waste, not just in materials but also unnecessary time spent on activities that do not add value like waiting, set-up times, overproduction, transportation, communication issues, and improperly timed activities. Implementing real-time systems can change an organization's culture and relationships with partners and customers, opening opportunities for new ideas, customer loyalty methods, and team collaboration resulting in significant gains.

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    © All Rights Reserved
    Download as PPS, PDF, TXT or read online from Scribd
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    11 views5 pages

    Time Management

    Uploaded by

    Fouzan Soniwala
    Time-based competition is becoming increasingly important as customers now penalize suppliers for delays, mistakes, and inconveniences. To satisfy customers, operations must be fast-paced and in real-time. The key to time-based competition is eliminating waste, not just in materials but also unnecessary time spent on activities that do not add value like waiting, set-up times, overproduction, transportation, communication issues, and improperly timed activities. Implementing real-time systems can change an organization's culture and relationships with partners and customers, opening opportunities for new ideas, customer loyalty methods, and team collaboration resulting in significant gains.

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    © All Rights Reserved
    Download as PPS, PDF, TXT or read online from Scribd
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    of 5

    FICCI

    CE

    Time based competition

    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.

    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.

    Sources of unproductive Time.

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

    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.

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