Envision owning two dry cleaning businesses that would employ at least 20 people
ID: 2687568 • Letter: E
Question
Envision owning two dry cleaning businesses that would employ at least 20 people (either manufacturing or service). Formulate an operations strategy for your business. Explain how your operations strategy impacts product design and process selection for your business. Determine the key components of supply chain management for your business including structuring, sourcing, purchasing, and managing the supply chain. Examine how the total quality management process is a strategy for a competitive advantage for your business. Identify the key elements of just-in-time manufacturing and its impact on quality assurance for your selected business.Explanation / Answer
Successful operational strategy development creates new ways to structure business operations and economics for breakout results in top-line growth, earnings, and business value. So what is your operational business strategy and what is it doing for your company? In a volatile environment where business operations have become a make-or-break proposition, having the right answers to these questions is critical to success. Leading companies know the importance of strategic business planning to develop the right operational model before jumping into execution. PRTM’s business strategy consulting helps companies develop the four ingredients essential for innovative operational strategies: Global marketplace insight—examining global market forces to determine which you can use to drive operational innovation. Intense competitive focus—helping companies identify their primary basis of competition, whether it’s product leadership, cost leadership, or customer intimacy. Clear innovation intent—working with your senior management to determine how you can use innovation to support your competitive strategy, whether through product innovation, operational innovation, or both. End-to-end thinking—configuring the three core domains of operational strategy - the development chain, the supply chain, and the customer chain - to realize your business operations goals and create new sources of competitive advantage.
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