Envision a business you would like to own that would employ at least 20 people

Your Business, Part 1  Envision a business you would like to own that would employ at least 20 people (either manufacturing or service). With this business in mind, write a 6-8 page paper in which you:

1. Formulate an operations strategy for your business.
2. Explain how your operations strategy impacts product design and process selection for your business.
3. Determine the key components of supply chain management for your business including structuring, sourcing, purchasing, and managing the supply chain.
4. Examine how the total quality management process is a strategy for a competitive advantage for your business.
5. Identify the key elements of just-in-time manufacturing and its impact on quality assurance for your selected business.
6. Include three (3) external peer-reviewed sources to support your position.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

The specific course learning outcomes associated with this assignment are:

• Formulate an operations strategy to conduct production or service operations.
• Explain how an operations strategy impacts product design and process selection.
• Determine the key components of supply chain management including structuring, sourcing, purchasing, and managing the supply chain.
• Examine how the total quality management process is a strategy for a competitive advantage in the marketplace.
• Identify the key elements of just-in-time manufacturing and its impact on quality assurance.
• Use technology and information resources to research issues in operations management.
• Write clearly and concisely about operations management using proper writing mechanics.