Other strategies
•Time-based strategies
•Environmental protection strategies
•Increased productivity strategies
•Value-added strategies
•Diversification or specialisation strategies
•Growth strategies
•One important strategy based on time is time compression. This is similar to the lean strategy, but concentrates on wasted time in the supply chain.
•Its aim is to eliminate all the non-value-adding time.
•Example case: Zara clip
Time compression: 7 ways to do
1.simplification–making operations simpler
2.integration–improving information and material flows
3.standardisation–using standard procedures and materials
4.concurrent operations –moving away from serial operations and towards parallel working
5.variance control –ensuring high quality and avoiding waste
6.automation–to improve effectiveness and efficiency
7.resource planning –to remove bottlenecks and ensure a smooth flow of materials.