The Need for Speed
Speed, whether in the increased velocity of moving products from design to the market place, or in the rapid response of a supplier to customer demands, is vital to success. Increased speed can benefit a business in several ways:
- Shorten lead times for product enhancement or new product delivery. The market advantage of months or even weeks can have a major impact on profitability.
- Do more with less, Staff reductions, common place in many businesses, require that fewer people accomplish more work. Handling exchange of data electronically may be critical to survival, giving employees the tools to be more productive while reducing overhead.
- Reduced delivery cycle times mean reduced lead times and lowered inventory carrying costs.
