This assignment assesses your knowledge about OM and the implementation of its different practices and strategies. Choose a product to introduce into the market. The product can be a newly re-designed version of an existing product or a completely new product. You will be an Australian manufacturing-based company. Develop a comprehensive OM management plan (strategy) covering the following topics in the context of your new product: 1. Define the operational performance objectives your firm wants to compete with: There must be consistency between your performance objectives and your OM plan (strategy) 2. Product design: Describe the different stages associated with your product. 3. Process strategy and layout design: What (manufacturing) process strategy and layout options are more relevant for your product and why? Propose a process layout including important indicators such as cycle time and a number of stages. 4. Capacity and planning: How will you measure capacity, and what capacity strategy is more appropriate and why? 5. Inventory management: What inventory management strategy is more appropriate and why? 6. Quality management: How would you implement a quality management strategy? 7. Supply chain management (SCM): What is an appropriate SCM strategy and why? 8. Sustainable operations: What operational strategy can you implement that contributes to sustainable operations. Specifically, explain each of the topics above and describe how can these be implemented for your product. For this, a literature review is required, including academic material to provide justification and academic discussion on why each topic is relevant and why is relevant for your product (minimum 1 academic reference per each topic). Report guidelines: – Use Times New Roman 12-point font and 1.5-line spacing – Use the MS Word default margin (Normal) – Expected structure and contents are: Title page Table of contents Introduction description of the product selected, justification of selection, and how OM can contribute to its success. OM plan including all relevant topic and literature review (9 topics above) Conclusion References Appendices – Word count: 3.000 words (The word count does not include the cover page, table of contents, tables, graphics, references or appendices).