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Time‐to‐market: time equals money – but where does it all go?

Barry Brooks (Business Development Director in the Product and Process Engineering Group at PA Consulting Services Limited)
Norman Schofield (Member of the Management Group at PA Consulting Services Limited. They can be contacted at the PA Consulting Group, Cambridge Technology Centre, Melbourn, Herts SG8 6DP, UK. Tel: 01763 261222; Fax: 01763 260023.)

World Class Design to Manufacture

ISSN: 1352-3074

Article publication date: 1 December 1995

3824

Abstract

Contends that, while the importance of time to product development processes has been underscored by many commentators, it is not until “time” is divided into component elements that the scope for improvement becomes manifest. Since time equals money, effective time management is of self‐evident importance. Outlines areas of management focus, through which time is a common thread. Analyses the constituents of time‐to‐market in terms of their capacity to measure temporal processes and reduce their costs. Proposes a structure to support the changes necessary for such reductions, and delineates the benefits accruing from reduced time‐to‐market.

Keywords

Citation

Brooks, B. and Schofield, N. (1995), "Time‐to‐market: time equals money – but where does it all go?", World Class Design to Manufacture, Vol. 2 No. 6, pp. 4-10. https://doi.org/10.1108/09642369310104219

Publisher

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MCB UP Ltd

Copyright © 1995, Company

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