time and logistics-assignment

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Time And Logistics 1

Why is me important to compeve advantage? Indenfy and explain six key contribuons that

speed can make to logiscs and supply chain strategy. Document your sources.

Topic: Time And Logistics

Student name:

Instructor:

Institution:

Date of submission:

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Time And Logistics 2

Why Time Is Important To Competitive Advantage

Time is an essential part of competitive advantage. The way a company manages time

in production, developing and introducing new products, marketing and distribution,

determines whether that company will be ahead of its competitors. Time is a great strategic

weapon and it’s equivalent to productivity, money, quality, and innovation. Good time

management has enabled many companies to offer wide product lines, reduce costs, enlarge

their market share, and upgrade their products’ technological sophistication (Stalk, 2010).

How Speed Affects Supply Chain Strategy

Supply chain strategy refers to the entire process from the supplier to the consumer.

Speed plays an essential role here. First, the speed at which supply materials are delivered to

the manufacturer will determine how long the production process will take and the time the

finished product will reach the customers. Second, the time taken for the product to move

from the manufacturer to middlemen is essential as it will determine their preparedness in

marketing and reaching to the customer. Thirdly, the retailer or wholesaler should respond

urgently to the customer demand or the customer can go for a competitor.

How Speed Affects Logistics Strategy

Logistics strategy revolves about the distribution within a company. Speed is

important in the entire process. First, offering customers a broad choice of products makes it

easy for them to select what they want in a short time. Second, companies should provide the

product required by customers quickly or else they miss lose such customers to competitors.

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Why is time important to competitive advantage? Indentify and explain six key contributions that speed can make to logistics and supply chain strategy. Document your sources. Topic: Time And Logistics Student name: Instructor: Institution: Date of submission: Why Time Is Important To Competitive Advantage Time is an essential part of competitive advantage. The way a company manages time in production, developing and introducing new products, marketing and distribution, determines whether that company will be ahead of its competitors. Time is a great strategic weapon and it's equivalent to productivity, money, quality, and innovation. Good time management has enabled many companies to offer wide product lines, reduce costs, enlarge their market share, and upgrade their products' technological sophistication (Stalk, 2010). How Speed Affects Supply Chain Strategy Supply ...
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