Operations Management and Supply Chain: Time-Based Competition

Operation management and supply chain
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Supply chain 1
Executive summary
The aim of the report is to talk about the operations management and supply chain role for the
organisations in the evolving world where competition is increasing. This has been found that
distribution of the products and services is one of the factors that contribute to competitiveness.
Today, the company needs to maintain the speed of service, instant access to information, fast or
rapid internet-based order transactions with the quick and effective delivery of goods and
services. The report includes the time-based competition and the way it has evolved the supply
chain. Further, the opinions of different authors have been discussed on the time-based
competition with the support of different facts and examples. In the report, the time-based
competition to an organisation is also applied to evaluate the approach and effective business
operations. In the end, the critical evaluation of the effectiveness of industries has been
discussed.

Supply chain 2
Contents
Introduction......................................................................................................................................3
Time based competition...............................................................................................................3
Literature Search..............................................................................................................................3
Scenario Development.....................................................................................................................7
Critical Evaluation...........................................................................................................................8
Conclusion.....................................................................................................................................10
References......................................................................................................................................11

Supply chain 3
Introduction
This report includes the study of operations management and supply chain in relation to the time-
based competition. This section of the report includes an overview of the Time based
competition and the way it has evolved the companies.
Time-based competition
Time-based competition is a broad-based competitive strategy which majorly focuses on the time
as one of the dominant factors for accomplishing and maintaining a sustainable competitive
advantage. The concept is formed with the motive to compress the time that is required to
propose, develop, manufacture, market and delivers its products. This has been found that this
term of time-based competition came in the use in 1988 in the article of Harvard Business
Review with the name of "Time-The Next Source of Competitive Advantage" by George Stalk,
Jr. This has been found that the approaches of time-based competition generally appears in two
different forms which include proposing, manufacture, develop, market and deliver its products
(Godinho Filho and Saes, 2013). Further, the time-based competition appears in two different
forms which include fast to market and fast to produce. The time-based competition concept has
made organisation capable enough to evolve effectively that make their supply chain to process
faster and to make the products easily available to end users (Oláh, Popp and Antal, 2018). The
time-based competition has started correcting the techniques of manufacturing by fixing the
distribution and sales. This makes the supply chain faster as compared to earlier because issues
get eliminated.