An Operations Strategy Determines How and Where a Product or Service

question 87

True/False

An operations strategy determines how and where a product or service is to be manufactured,the level of vertical integration in the production process,the deployment of physical resources,and relationships with suppliers.

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Definitions:

Multiple Smaller Orders

Refers to the strategy of breaking down large orders for goods or services into smaller ones, often to manage risk, improve cash flow, or respond more flexibly to market demand.

Match Supply

the process of adjusting production levels, inventory, or supply chain capacities to meet the current or forecasted demand effectively.

Increase Profitability

The process of enhancing a company's ability to generate profit, either by increasing revenue, reducing expenses, or both.

Total Quantity

The aggregate amount or volume of goods produced, stored, or shipped.