- Cycle Time Management for Manufacturers
Cycle Time Management for Manufacturers
Total Quality Management...Just-In-Time…Short Cycle Manufacturing...Total Customer Service…all share the same principle – effectively manage both operational and administrative cycle times. Today, TIME has become the single largest tactical advantage for successful manufacturers. Why? Simply put; no matter how excellent your products are or how high the quality of those products, unless you can deliver them faster than your competitors, your customers will take their business elsewhere. They simply cannot afford to wait. Market dynamics are becoming increasingly short-cycled, product life cycles shorter, price-point pressures greater, and competition for consumers more intense. According to recent Commerce Department statistics, the window of opportunity for most domestic products today is smaller by 30% than it was only five years ago. Couple that with the recent movement by most primary and Tier 1 manufacturers to reduce their supply bases by 65% to 70% over the next three years, and you have the formula for either a significant market share increase, or business failure depending upon how effectively you are managing your total cycle time.