Time Compression and the Supply Chain

Ian C. Gregory and Simon B. Rawling

Chapter 4 in Profit from Time, 1997, pp 52-78 from Palgrave Macmillan

Abstract: Abstract The largest recognizable business process is that of the supply chain. This is the business process that converts raw material (from the ground, sea or air) into a consumable product. Even simple products such as nails have a complicated supply chain. For example, the iron must be extracted from the ground, turned into steel ingots, turned into wire, formed into individual nails, then packaged, sent to a warehouse and then a retailer before a customer can purchase. Within each of these stages there are many sub-stages; for example, the wire may need to be drawn into ever decreasing diameters by a series of machines, or the protective treatment may involve several coatings. In a similar manner, the blast furnace will need fuel and the steel-making process will need chemical additives. So, even for a simple product like a nail there are many links to other chains of supply.

Keywords: Supply Chain; Business Process; Time Compression; Electronic Data Interchange; Entire Supply Chain (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1007/978-1-349-14591-1_4

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