How can the 4V diagram be used as an operations strategyvisualisation tool. Give an example? [10%]
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The 4 V diagram discusses Variation, Volume, Variety, andVisibility and how it should be aligned and tuned to create valuein the operations strategy of an organization.
1. The volume dimension: Taking the example of McDonald’s thelarge fast food quick serve restaurant has high volumemanufacturing of burgers. The high volume production defines theirbusiness model. Their strategy is to manufacture a high volume ofburgers and sell at the lowest cost. Their business is focussed onrepetitive task with systematized production. They have definedsystems for the manufacturing process
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