Just-in-time operations and simultaneous engineering are key elements of time-based competition.

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Just-in-time operations and simultaneous engineering are two important strategies for reducing time in the production process and achieving time-based competition. Just-in-time involves producing goods only when they are needed in the production process, while simultaneous engineering involves designing and developing products and processes together in order to reduce time to market. Together, these strategies can help companies become more efficient and responsive to market demand.

Just-In-Time Operations and Simultaneous Engineering Are Key Elements of Time-Based