Organizational view: Let us assume that the company is a production organization that specializes in

consumer electronics.

1. Insurance benefits of first machines in new product launch

To deal with this challenge, we must take up the speed of marketing and innovation processes. As
Chief Operating Officer (COO), my strategy will be the following main areas:

A. To streamline product development processes

 Turly Function: Introduces smooth practice in the life cycle of product development, allows
rapid repetition, prototype and decision -making. The flexible product can speed up the
process by dividing the development stages into small, manageable blocks (sprints). This
helps identify market trends quickly and include customer response to improve the final
product.
 Cross -functional team: Forms dedicated cross -functional teams include marketing,
engineering science, R&D and members of operations. These teams will cooperate with the
beginning of product growth and ensure that all insights are assessed early in this process,
and thus to make decisions and improve the market.
B. R&D investment and focus increased

 Be aware of innovation: Invest heavy R&D to focus on disruptive technologies. The goal is
not just to meet today's consumer needs, but to estimate future requirements. By taking
advantage of research and collaboration with technical partners, we can introduce
groundbreaking features that put us in front of our rivals.
 External collaboration: Establish partnerships with universities and innovation hubs.
Collaborating with startups can inject new ideas into our developmental pipeline and
innovation cycles can be accelerated.

C. Strengthening the supply chain for fast marketing

 Lean Inventory: To prevent delay in product distribution, adopt Just-In-Time (JIT) Inventory
Practices. This will enable the company to quickly respond to the change in demand without
investing in inventory, which will accelerate the launch process.
 Flexible Production System: Use flexible production techniques that allow rapid combination
of production lines to adjust the new product. This will ensure that when the product is
completed, it can be produced and sent quickly.

D. Better consumer insight and customer response ends

 Advanced data analysis: Use Big Data and AI to collect actionable consumer behavior,
preferences and trends. With advanced analysis, we can identify product functions that are
likely to develop faster products to meet customers' needs and match market requirements.
 Real -time feedback channels: Entering real -time customer responses through social media,
online surveys or focus groups to ensure that product modifications can be developed
rapidly to develop.
 E. Continuous improvement of the process

 Monitoring after launch: After launching a product, use continuous improvement practices
based on customer responses and market results. It helps keep the product competitive in
the market over time and increases the company's ability to adapt quickly.

By improving the agility of product development, by focusing on the supply chain that improves
flexibility and prioritizes customer -driven innovation, we can increase the organization's ability to
start faster products and gain significant first -loving benefits than participants.

2. Reduce inventory investments without affecting business operations

I propose the following strategies to ensure that business operations are not affected to reduce
investment in inventory:

A. Implementation of Just-In-Time (JIT) Inventory System

 JIT function: The JIT system will reduce the need to maintain large amounts of stock. By
working closely with suppliers, we can plan the delivery of raw materials and components
properly when required. This will cut storage space, storage costs and outdated inventory.
 Seller-left fixtures (VMI): Attach large suppliers to manage the inventory on our behalf.
Under a VMI system, meets the monitoring of suppliers and compensatory and meets the
shares such as sales data, production programs and consumption degree.
B. forecasts and demanding plan

 Advanced demand equipment: By taking advantage of AI and machine learning tools, we

can improve the demand forecast. This will allow us to predict more accurately of the
demand pattern and adjust the purchase strategy accordingly. As a result, we will not meet
inventory or meeting.
 Cooperative Plan: Party in collaboration forecast with customers for better understanding of
their future needs. By coordinating our production and procurement program with demand
from customers, we will adapt to the warehouses that we can meet the demand for time.

C. Lean Manufacturing Principles

 Reduced Lead Times: By adopting lean production ideas, we can lessen lead times, making it
less complicated to perform with lower stock levels. Lean strategies focus on putting off
waste and optimizing processes, which in flip ensures quicker production cycles and reduces
the want for massive stockpiles of products.
 Small-Batch Production: Instead of manufacturing in massive portions and maintaining
inventory, we could undertake small-batch production. This lets in us to supply primarily
based on actual patron demand, thereby minimizing excess inventory.

D. Building Strong Supplier Relationships

 Strategic Supplier Partnerships: Work intently with suppliers to make sure quicker
replenishment cycles. This collaboration can involve renegotiating contracts to secure faster
shipping instances or flexible payment phrases, decreasing the stress on inventory.
  Diversification of Suppliers: Maintain a different supplier base, which guarantees that we've
alternatives if one dealer faces delays. This reduces the chance of stockouts and allows us to
keep away from protecting huge inventories as a buffer.

E. Use of Technology to Optimize Inventory

 Real-Time Inventory Tracking Systems: Implement RFID (Radio Frequency Identification)

generation and ERP (Enterprise Resource Planning) systems to music inventory degrees in
actual time. These tools will assist us identify understocked or overstocked gadgets and offer
actionable statistics to optimize inventory levels across the complete deliver chain.
 Automatic rejuvenation system: Use automatic system that triggers notification again when
the stock level falls below a certain area that falls under a certain area. These systems can
ensure that the inventory is maintained at optimal levels and can be refilled before
decreasing.

By incorporating JIT systems, improving the demand forecast and promoting better supplier
conditions, we can significantly reduce our investments in inventories without giving up the
opportunity to meet business needs.

3. Growing quality brand for foreign customers

In order to remove the quality problems of our foreign customers and improve our quality labeling,
the following strategies will be important:

A. Focus on international quality standards

 ISO Certificate: Make sure all products meet internationally recognized quality standards
such as ISO 9001. Obtaining such certificates will not only promote our credibility, but will
also assure customers that we follow best practice.
 Product testing and compliance: Install a strong system for continuous product testing and
adherence to international rules such as CE (confirms European) for European and North
American markets respectively.

B Transparent quality control process

 Open communication with customers: Develop a system where customers can track the
quality control process. This may include them to provide documentation on our test
processes, inspection standards and audit results.
 Real time reporting: Provide real -time quality matrix and report to customers. By using a
digital platform, we can share quality data directly with foreign customers and demonstrate
our commitment to quality.

C. Investment in product reform and innovation

 Continuous improvement: Use a continuous improvement program such as Six Sigma or

Total Quality Management (TQM) to continuously improve the quality of the product. This
will show our commitment to the production of top level products that meet the highest
standards.
 Customer -focused quality: Focus on customer quality. We can increase the quality of
designing products that specifically meet the preferences and expectations of our foreign
 customers.

D. Strengthen relationship with foreign partners

 Supplier's audit: Regular revision and screen monitor and partners in foreign markets. This
ensures that our supply chain partners also follow the same quality standards, and this
quality is maintained throughout the price chain.
 Location of quality control: Use local quality control procedures that follow specific
government requirements for large international markets. This ensures that the products
correspond to local laws and expectations, and promote confidence in foreign customers.
E. Effective communication of our quality history

 Marketing and branding: Strengthen the marketing effort to highlight the better quality of
our products through ads, case studies and ads from satisfied foreign customers.
 Corporate Social Responsibility (CSR): Invest in CSR initiative related to stability and
morality. This overall brand improves the perception and appeals to customers who prefer
responsible business practices.

4. Identify and reduce top 4 operating risk

Identification of potential risks and effectively reducing them is an important part of the operation.
The top four operating risk I recognize are:

A. Supply chain resolution

Limitation strategy: To reduce the resolution of the supply chain, we will diversify our supplier base
and create a risk of risk. In addition, investment in technology such as blockchain to improve
transparency and traceability in the supply chain will help us trace problems quickly.

B. Cyber security threats

Limitation strategy: Strengthen IT infrastructure by using strong cyber security measures such as
firewall, encryption and regular safety audit. Installation of training employees on data protection
and setting up a response plan for events will help to reduce the risk.
C. Regulatory changes and match problems

Limitation strategy: Keep up to date on global regulatory amendments by working closely with legal
advisors and regulatory bodies. Compliance Management System (CMS) must be used to ensure
compliance with local and international rules.

D. Tool Error and Shutdown

Limitation strategy: Use future maintenance systems using IoT sensor to monitor the machine's
health. Establishing a broad maintenance plan and having backup equipment can reduce the effect
on downtime and production.