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Procurement 300 Turner Street NW North End Center, Ste 2100 Blacksburg, Virginia 24061 P: (540) 2316221 F: (540) 2319628 www.procurement.vt.eduJune 16, 2022 Kimberly Barefield Strategic Factory 11195
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01
Define the mission and vision of the organization.
02
Conduct a SWOT analysis to identify strengths, weaknesses, opportunities, and threats.
03
Set clear and measurable strategic goals and objectives.
04
Develop strategies to achieve the set goals.
05
Allocate resources appropriately to implement the strategies.
06
Monitor and evaluate the progress of the strategic plan regularly.
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Make adjustments as needed to ensure the plan stays on track.

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Strategic factory is a term used to describe the planning and management of a factory in a way that aligns with the overall goals and objectives of the organization.
The requirement to file a strategic factory plan may vary depending on the size and type of organization, but typically it is the responsibility of senior management.
Filling out a strategic factory plan involves analyzing current operations, setting goals, developing action plans, and monitoring progress towards those goals.
The purpose of a strategic factory plan is to help guide the decision-making process and ensure that the factory is operating in a way that supports overall organizational objectives.
Information such as production goals, equipment utilization rates, workforce planning, and cost projections are typically reported on a strategic factory plan.
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