Abstract
Time could be considered as an important competitive advantage of logistics companies. In fact, execution time is the most significant factor affecting the performance of the supply chain. Regarding the issue mentioned above, it seems relevant to develop the economic and organizational-managerial paradigm from value-based thinking to a time- based. The focusing on the reducing the time cycle suspends the competitive advantage, received by the logistics company due to the shortening response time for customer requests. Therefore, we have set the time factor in the basis of the logistics company performance appraisal and the main effort should be focused on reducing the delivery time cycle from the moment of the order receipt to its final delivery to the consumer.
Highlights
Time expenditure in the concept of innovation managementHttps://doi.org/10.10 51/matecconf /201823903012 fact the logistics company is an important element in the economics
IT solution innovative concept effectiveness is considered by prof
It should take a long period of time for scientists to work in the field of logistic business processes improvement, so that the future economic world can reckon on ultra-technologies that ensure its sustainable development in modern unstable world
Summary
Https://doi.org/10.10 51/matecconf /201823903012 fact the logistics company is an important element in the economics It should take a long period of time for scientists to work in the field of logistic business processes improvement, so that the future economic world can reckon on ultra-technologies that ensure its sustainable development in modern unstable world. Time could be considered as an important competitive advantage of logistics companies In this regard, it seems relevant for us to change the economic and organizational-managerial paradigm from value-based thinking to a time-based. At the same time a large stockings quantity makes it difficult to introduce new products or respond to market changes This factor intensifies the consequences of problems related to product quality, since by the time the problem is discovered (or occurred) the product may be under the process of the delivery from the supplier. The delivery time does not explain the excessively long delivery times that many suppliers and logistics companies declare
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