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Problem

Evaluate this statement: “The ways that leading companies manage time in the supply chain—in new-product development, in production, in sales and distribution—are the most powerful new sources of competitive advantage.”

Step-by-step solution

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Step 1/2

The companies must create and adopt the most powerful new sources of competitive advantages in order to survive, grow and prosper in the present day modern business era, The companies manage time in the supply chain to prosper in the long run management of the organization.

Step 2/2

The following aspects can be developed as the most powerful sources of competitive advantage as on the following reasons:

New-product development:

• The change is the essence for the sustainable growth of any organization

• It gives competitive advantage in the ever changing market trends

• It helps in meeting the desires of the consumer needs

Production:

• The introduction of the sophisticated technology results in high productivity

• It improves the quality efficiency and in turn develops goodwill among the consumer market

• The production efficiency techniques yields productivity with low investment

Sales and distribution:

• The innovative sales and distribution results in high profits

• It also develops a bondage with the customer base with innovative promotions

• The distribution channels paves new techniques and productive utilization of the resources