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How is the value of product effective on operational strategy?
Value is the cause why customers choose one rivals product over other, when an organisation can give certain unique features through their operational management; a customer could be willing to pay additional for this and could keep more loyal to the organisation. Reliability, product, aesthetics, durability functions and features, colours, designs, novelty and even the courtesy and friendliness of staff included in the selling and customer maintain services, can make a massive dissimilarity to customer value. But it relies on an effective operational strategy.
Methods Used in Manufacturing - Operation Strategy Many of the methods used in manufacturing are just as applicable; however a greater degree of customisation will be required
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Using the data, suppose the manufacturer has an inflated demand forecast as follows: Quantity Probability 2,200 5% 2,300 6% 2,400 10% 2,500 17% 2,600 30% 2,700
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