Time Based Management

• What is Time Based Management?

  A approach that recognises the importance of time and seeks to reduce the level of wasted time in the production processes of the business
• If a business is able to produce a product in a shorter time than rivals then more sales could result
• What is a real-life example of time based management?

  Amazon delivers goods within 24 hours
• What are the requirements for time based management?

  • Flexible production methods
  • Trained employees
• Why is flexible production methods a requirement for time based management?

  Able to change products quickly and change production volumes/runs