Operation Strategy

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In the book, Operation Strategy, several key components that are relative to managing operation tasks, procedures', and economic standing were presented. Chapter 1: Operations Strategy highlights the development of vital resources and strategies that play a significant role in organizational success. The four V's(volume, variety, variation, and visibility) contribute to organizational sustainability and product development geared towards increasing earnings. Chapter 2: Operations Performance, showcases five objectives that can be implemented in corporate and business level strategies. These objectives include quality, speed, dependability, flexibility, and costs performances. Chapter 3: Substitute for Strategies: focuses on the variation tools and tactics that organizations can adopt and use in their corporate and business level strategies. Six Sigma is a well-known method used to identify potential issues within the organization. Chapter 4: Capacity Strategy consists of various levels of decision making and thinking that align performance with organizational expectancies and customer needs. The capacity of an organization is crucial to It's productivity, success, and growth. For this reason, a detailed strategy should be composed to adequately manage all components of the organization. Chapter 5: Purchasing and Supply Strategy analyzes the existing and potential business relationships between customers, vendors, and organizations that supply goods and services; or make purchases. The purchasing and supply strategy can also play a substantial role in the operation of an organization because it presents the impact that buyer and purchaser relationship has on

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