Topic

Operations and Supply Chain Management Strategy

Instructions

What is the definition of an operations and supply chain strategy?
How are these strategies implemented?
How do these strategies relate to business results of the firm?

Answer preview

Operations and supply chain management strategy is considered to be an interactive process which assesses cost-benefit trading-offs related to operational components. On the other hand, business strategy entails the process of leveraging the major competencies of the business organization to accomplish a defined and clear high-level objective. Notably, operations and strategic management has been operating in three levels which includes operational, strategic, and tactical.

Word count: 216