A facilities strategy considers the amount of capacity, the size of facilities, the timing of capacity changes, facilities locations, and the types of facilities needed for the long run. It must be coordinated with other functional areas due to the necessary investments (finance), market sizes that determine the amount of capacity needed (marketing), workforce issues related to staffing new facilities (human resources), estimating costs in new facilities (accounting), and technology decisions regarding equipment investments (engineering).
DISCUSS THE VARIOUS ELEMENTS OF FACILITIES STRATEGY WITH EXAMPLE (150 words).
A great facility strategy encompasses following core competencies :
The biggest elements however are following :
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A facilities strategy considers the amount of capacity, the size of facilities, the timing of capacity...
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