Importance of time in regards to logistics and supply chain

Importance of time in regards to logistics and supply chain

Why is time important to competitive advantage? Identify and explain six key contributions that speed can make to logistics and supply chain strategy. Document your sources. 150-250 words single-spaced.

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Importance of time in regards to logistics and supply chain

Time marks one of the important factors that businesses ought to consider in their management of the logistics and supply chain. For instance, the decision to use a make-to-order approach as the avenue for delivery of various products follows the necessity to avail different products in time to consumers and in the necessary quality (Soman, Van Donk, & Gaalman, 2004). Therefore, proper time management could significantly affect a company from different perspectives particularly within the logistics and supply department.

(335 words)