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On the Frontier

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MBA Boot Camp: Operations Management Basics (6.1)
Alex LeClair Alex LeClair

MBA Boot Camp: Operations Management Basics (6.1)

If a business is a car, strategy is the steering wheel, finance is the gas gauge, and operations is the engine.

A standard supply chain looks like this: Raw Materials → Supplier → Manufacturer → Distributor → Retailer → Consumer

Every step in this chain adds cost, but it must also add value. If a distributor isn't adding value, a company will try to cut them out (this is called "Direct-to-Consumer" or D2C, like Warby Parker or Casper mattresses).

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