Tuesday, 3 January 2017

What is the technology advantage using time compression approach?

There are many reasons to apply technology in business. The application of technology needs to consider the individual business circumstances and the needs of the customers who use that business to ensure there is a competitive differentiation. 

Focusing on the time-based impact will lead the company in the right direction to the ultimate goal. There are many technologies that can be used to achieve time compression, they include:
  • Robotics
  • Computers in manufacturing
  • CNC machines
  • WMS
They are all technologies that reduce time for activities but they have to be considered holistically to ensure that the technology is useful and suitable for the supply chain. For example, some of the automated systems are not able to cope successfully with variations in demand. Time compression approach gives a focus for the application of technology by considering the seven strategies that we mentioned last week.

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