Answers:
Basic competitive priorities are:
- Cost:
Cost is one of
the primary considerations while marketing a product or a service. Being a
low cost producer, the product accepted by the customer offers
sustainability and can outperform competitors.
- Quality:
Quality is
defined by the customer. The operations manager looks into two important
aspects namely high performance design and consisitent quality.
- Time:
Faster delivery
time, on-time delivery, and speedy development cycle are the time factors
that operations strategy looks into. Faster delivery time is the time
lapsed between the customer order and the delivery.
- Flexibility:
Flexibility is
the ability to provide a wide variety of products, and it measures how
fast the manufacturer can convert its process line used for one product to
produce another product after making the required changes.