Week 4 Assignment

Competitive Priority Cost as a Competitive Advantage for Apple Janeth Demming University of Arizona Global Campus BUS633: Project & Operations Management (FTJ2427B) Dr. Patricia Anderson July 29th, 2024 Competitive Priority Cost as a Competitive Advantage for Apple Competitive priority cost reduce the effective of delivering goods and services to consumers leading to an effective reduction in operating expenditure for organizations. Apple’s innovation goes beyond its product design and includes the creation of a unique supply chain model that offers the company a competitive advantage (Siahaan, 2023). The company’s supply chain approach ensures the use of a just-in-time inventory approach that reduces the cost of inventory for the technology firm. Additionally, Apple outsources labor to larger manufacturers to reduce the cost of managing a human resource force needed to produce parts and products for consumers. The organization partners with suppliers to ensure it receives quality parts timely to meet the demand in the market at low costs. Apple’s competitive priority cost offers the technology company a competitive advantage by reducing the cost managing inventory and labor while maintaining the delivery of quality products to consumers. Apples Competitive Priority Cost Apple has implemented an innovative