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Operations strategy - Coggle Diagram
Operations strategy
Performance objectives
Operations requirements dictated by customer needs in chosen market segment and by chosen competitive strategy
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Sustainability - can be maintained at length without interruption - using resource so it's not depleted or permanently damaged
Environmental, economic and social sustainability
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Cost - producers in price-sensitive markets have to adjust operations strategy to account for cost impact of decisions
Total unit cost influenced by factors like cost of materials and labor, cost of equipment and working capital
Many low cost producers develop lean processes where work in progress is minimised, reducing need for working capital
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Focused operations
Managers may or may not divide operations into different processes to allow concentration on narrower range of products
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