Asked by Noelle Buban on Jul 11, 2024
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For the supply function,time-based strategies that impact competitive advantage relate to cycle time reductions,and greater coordination of materials and information flows.
Time-Based Strategies
Business approaches that prioritize speed and timing in operations, production, and delivery to gain competitive advantage.
Competitive Advantage
The attributes or conditions that enable a company to outperform its competitors, typically leading to greater sales or margins.
Cycle Time
The total time from the beginning to the end of a process, procedure, or activity.
- Comprehend the role of different types of inventories in the supply chain management.
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Learning Objectives
- Comprehend the role of different types of inventories in the supply chain management.
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