Operations Strategies

Operations Strategies

1. Performance Objectives

   • Quality
   • Speed
   • Dependability
   • Flexibility
   • Customisation
   • Cost

2. New Product or Service Design and Development

3. Supply Chain Management

   • Logistics
   • e-commerce
   • Global sourcing

4. Outsourcing

   • Advantages
   • Disadvantages

5. Technology

   • Leading Edge
   • Established

6. Inventory management

   • Advantages and Disadvantages of Holding Stock
   • LIFO (last-in-first-out)
   • FIFO (first-in-first-out)
   • JIT (just-in-time)

7. Quality Management

   • Control
   • Assurance
   • Improvement

8. Overcoming Resistance to Change

   • Financial Costs
   • Purchasing New Equipement

9. Global Factors

   • Global Sourcing
   • Economies of Scale
   • Scanning and Learning
   • R&D