Operations Strategies Overview

• Operations strategies


  Management process
• Identifying competitive advantage


  • Price/Cost Leadership
  • Product Differentiation
• Operations objectives


  • Quality
  • Speed
  • Dependability
  • Flexibility
  • Customisation
  • Cost
• Goods and/or services


  1. Inputs

  2. Transformation Process

  3. Output for Goods and Services
• The production process


  1. Transformed resources

  2. Transforming resources

  3. Value adding

  4. Cost leadership
• Quality management


  • Quality Control
  • Quality Assurance
  • Quality Improvement

  
• Supply chain management


  • Sourcing
  • Logistics
  • Distribution
• Inventory management


  • Advantages of holding stock
  • Disadvantages of holding stock
  • Just-in-Time (JIT)

  
• Quality management, Supply Chain Management and Inventory management are the three strategies you can recommend to improve the operations process (transformation process)