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------------------------------------------------- Top of Form Powered by JRank Bottom of Form Reference for Business cyclopedia of Business, 2nd ed. Reference for Business» Encyclopedia of Business, 2nd ed.» Str-Ti» Time-Based ambition TIME-BASED COMPETITION Ads by Google Sabcorp - Concrete and Aggregate Batching amend Quality, Better Service ! - www.sabcorp.co.za Fly subscriber line for less - Discounts on business and 1st class Up to 50% - www.a380business.com Small Brick Machines - sire a small manually operated brick making machine. Call us - www.profile-engineering.co.za Photo by: pressmaster The widespread use of full-in-time production (JIT) and different advanced manufacturing techniques has been credited with providing such improvements as decreased inventories, set-up times, downtime and workspace. These decreases be shake yielded increases in inventory turns, equipment utilization, labor utilization, and ultimately, profit. Simply stated, this means that ruined goods are produced and delivered right in time to be sold, subassemblies just in time to be assembled into finished goods, fabricated split just in time to go into subassemblies and raw materials just in time to be transformed into fabricated parts. In effect, consumption of time has been reduced.

While the JIT philosophy dictates that improvement in these areas be part of a continuous process, it does not pay off to stop there. Some firms have reduced the consumption of time, not only in the production area, but also throughout the system. Firms that manage this have gone beyond JIT and its competitive advantages. They have an advantage in time-based contender. WHAT IS TIME-BASED COMPETITION? JIT was the first manifestation of time-based competition. Time-based competition is the extension of JIT into every facet of the product delivery cycle, from question and development through marketing and distribution of the final product. steady quality, while still critical to success, is... If you want to get a full essay, order it on our website: Ordercustompaper.com

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