BUSINESS TIMELINESS: THE INTERSECTIONS OF STRATEGY AND OPERATIONS

MANAGEMENT
Time compression is the decline of waste time throughout a business in order to obtain superior
competitiveness. The essential goals of time compression have been to boost productivity,
improve quality, reduce cycle times and speeding innovative products to market. Article applies
the time-based process mapping (TBPM) technique at micro level in a resource-based firm, MIB.
The TBPM techniques can also be applied to any businesses. They map MIBs detailed supply
processes data set of its upstream, internal and downstream supply chains to enhance the
techniques accessibility. They as a result added border the organizations time compression
implication with two main theories of the organization on above average returns the industrial
organization (IO) and resource-based view (RBV) and argue that strong supply chains
integration entail rational yet holistic crossroads of both organizational external environments
and internal resources. MIBs supply process consists of customer delivery, production and
goods-inwards department. Assumptions and procedures to come to the customer delivery,
production and goods-in the three associated processes which are customer delivery or
downstream supply chain, production or internal supply chain, goods-in or upstream supply
chain. Time to customer and Customer lead time have substantial effect on organization. They
entrench MIBs SWOT analysis within Porters five forces model to produce interactive analyses
on the different features of internal resources and external forces which offer useful platform for
construct a good fit between the firms resource competence and its external environments.
Threat of new entrants the governments chain of policies has encouraged entries to the valueadded local processing and the wood-based industry as a result is growing uneven. Commodities
nature of the wood-based products, i.e. lack of differentiation and low switching costs to another
supplier by buyers, also encourages new entrants. Threat of substitute products there is no
official data to highlight the said substitutes will credibly threaten MIBs products; there is an
increasing trend in the utilization of these kinds of non-wood materials in home decoration,
building construction, furniture making, flooring, etc. Bargaining power of suppliers suppliers
are powerful as the wood-based industry is highly disjoint, overcapacity, experiencing depleting
supplies, and need to fulfill green requirements. MIB allay suppliers forces by having steady
supplies through supply partnership with MSB. Bargaining power of buyersLack of
differentiation and low switching costs create powerful buyers. International competition from
worse-off countries like Indonesia gives buyers options to buy from cheaper sources. Rivalry
among existing firms the fragmented industry with no clear leaders intensifies rivalry. The
overall lack of product differentiation, low switching costs coupled with overcapacity that
interrupt the supply and demand balances, again fortify the rivalry. MIBs integration with
suppliers and channels also allow its upstream and downstream units to develop more efficient,
specialized procedures for dealing with each other that would not be possible with sovereign log
supplier or distribution channel. The power of time compression depends not so much in
technology alone as in the integration and application of technology to achieve a shorter time for
the customers.