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Time Compression Management

This research examines the concept and application of time compression management (TCM). TCM is concerned reducing process cycle times. Within this context, process cycles are considered both narrowly and broadly. The production process for a single product is a narrow conception of a process cycle subject to time compression. Many firms, however, will not be able to attain the optimal benefits of TCM if process cycle is addressed only in the narrow context. Addressing the process cycle in the broader context as a part of TCM requires the inclusion both of suppliers and distribution networks. The application of the TCM concept seeks shorter cycle times, efficient inventory management, efficient consumer response, and attention to quality.

Reducing the cycle time is a significant advantage provided by quick response systems within the TCM framework to global marketers. Another significant advantage of the quick response concept in global marketing is the added flexibility and speed with which a company can respond to change in diverse markets simultaneously.

Although there are great benefits to be derived from the implementation of a TCM strategy, there can also be a downside to such a strategy. Firms, thus, must assure that the capabilities and resources necessary for a TCM strategy to function effectively are in place prior to implementation. An effective TCM strategy, however, will lead to improved productivity and to increased sales levels over the long-term.

This research examines the concept and application of time compression management (TCM). TCM has two major objectives-- speeding new products to market and quickening response to customers in manufacturing and delivery (Sheridan, 1991, pp. 22-26). TCM, thus, is concerned reducing process cycle times (Cooke, 1994, pp. 32-35). Within this context, process cycles are considered both narrowly and broadly. The production process for a single product is a narro...

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Time Compression Management. (1969, December 31). In LotsofEssays.com. Retrieved 13:52, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1687395.html