Problem # $6$: $($Business and Operations Strategies$)$

$[10$ points total$]$

In class, we discussed that key elements of deploying the Factory Physics Framework often include:

Aligning Operations Strategy with Business Strategy

Determining the Portfolio of Buffers at a Strategic Level

Assessment of Utilization

Finding the Bottleneck

Using a WIPCAP

Reviewing opportunities to optimize inventory including "Common Components for Assemble to Order"

Setting Lead$-$times using the Concept of Due Date Quoting

Please discuss why each of these is important to analyze an operation.