In order to reduce process variability, a company should first

When process flexibility becomes a key order winner, the operation should look at

Although a company has the capability to produce a strategically important item, a question has arisen about the wisdom of outsourcing the item. In most cases, the decision to outsource, when compared with the item＇s strategic importance to the firm is

A company＇s core competency is product design. They choose to outsource 100% of their prototyping, manufacturing and distribution. This company is best defined as a

When determing whether to develop within or acquire from outside, it is highly likely that when diversifying into a different market space that has solid financial opportunities companies will

A food producer and distributor of processed meats is considering purchasing a poultry business. This is an example of

Value chain analysis may provide a cost improvement/advantage by

For some companies value chain analysis has led to support processes such as design for sustainability which is exemplified by

When aligning capabilities with needs, the response could be extremely focused with little excess capacity or flexibility or be designed with excess capacity and more flexibility. The more desirable strategy would be to

Once the company＇s value chain has been documented and internal consensus gained the next best in using this analysis is

A company investing in resources that enhance their value chain proficiency with the goal of attaining industry leading status is said to be developing their