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Time-based competition: Some empirical data from Singapore
Authors:Hum Sin Hoon
Abstract:The progressive edge of competition has moved from what was primarily a cost-based strategy through that which was quality-based, and then variety-based, and now, onto the time-based mode of competition. This paper presents a status report of the response of the Singapore manufacturing sector to such a progression in competitive paradigms. In particular, we will refer to empirical data from the latest Singapore Manufacturing Futures Survey to provide an update on the apparent status of the local manufacturing environment in terms of such current paradigms of competition. From these, we will draw some implications for operations management, that is, what should local producers and suppliers do in the light of such current modes of competition. Such implications may be of help to other manufacturing businesses operating in other countries.The author is with the Department of Decision Sciences, National University of Singapore, 10 Kent Ridge Crescent, Singapore 0511.
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