TimTam Steel, a steel manufacturing company, recently adopted a new supply chain management system. By virtue of the new system, the company is able to acquire raw materials from suppliers in a shorter period of time than its competitors. The supply chain management system may become outdated in the near future; however, it has presently drastically reduced costs associated with material procurement for TimTam Steel. In the given scenario, TimTam Steel has achieved _____.

Question

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TimTam Steel has achieved first-mover advantage by adopting the new supply chain management system, which has allowed them to acquire raw materials in a shorter period of time and reduce procurement cost compared to their competitors. While the system may become outdated in the future, currently it has given TimTam Steel an edge in the market.

TimTam Steel, a Steel Manufacturing Company, Recently Adopted a New