The paper indicates production processes as a significant competitive factor for manufacturing companies. They can be characterized by a set of time related parameters such as a production cycle for the company or for the whole logistic chain, including purchasing of raw materials and distribution chains. Time-based Management and Time-based Competition are time-related strategies for production processes design and improvement. A production process is composed of value-adding operations, non-value-adding operations and operations just creating waste. Kaizen (Continuous Improvement) and re-engineering are tools to be used to improve production processes in a very different way and at the different conditions, which are presented in the paper.
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