The Time Factor on Logistics

Abstract

The study deals with the investigation of the critical factor of the supplychain, with regards to time. The literature review can give a background tounderstand and handle the reasons and consequences of the growingimportance of time. It analyses the time- and place-value of products and ittries to value time by showing theoretical functions as well. By using utilityfunctions to represent the value of various delivery-times for the differentparticipants in the supply chain, including the final customers, it provesthrough the Kano-model, that the choices, behaviour and willingness ofpayment of time-sensitive and non time-sensitive consumers are differentfor varying lead times.