An Operations Strategy Is a Pattern of Decisions and Investments

question 11

True/False

An operations strategy is a pattern of decisions and investments over time that develop a competitive advantage.

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Definitions:

Demand Forecasts

Projections of a company’s sales for each time period in the planning horizon.

Process Cycle Time

The total time from the beginning to the end of a process, including processing time and any time the process is inactive or waiting.

Capacity Expansion

The process of increasing the production capabilities of a facility or system to meet expected demand increases.