Timeliness is
the key.
It's a peddle to the medal race for faster
and faster information.
The Value of information is greatest at the time the event
occurs.
Making decisions
operating a business is much like making decisions operating
in the cockpit of an airplane. Real Time Management (RTM)
is paramount and relys on Real Time Information (RTI).
It is plain to see
the value of data when you need air traffic control and you
are approaching clouds or when flying "in the soup".
Every second and minute counts when things aren't clear.
Yet it is not so
plain to see that information looses value every second, minute,
hour, day, and week that goes by when operating a business.
Notice the words
on the instruments and the cockpit panel graphic to visualize
where to use bar code, RFID, vision sensors and other forms
of automatic data collecion.
Bar
Code and RFID is the key to successful RTM.
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