Manufacturing strategy is the development of a plan to ensure successful production of goods or services. To create a successful manufacturing strategy, businesses must carefully analyze the current state of their operations and determine what technologies, processes and strategies they need in order to produce products or services that meet customer needs. A well-crafted manufacturing strategy should include consideration of cost, quality, operational efficiency, flexibility, cycle time and sustainability. All of these individual components must come together in order to create an effective, efficient manufacturing system that meets organizational goals. By implementing a well-developed manufacturing strategy, businesses can achieve higher levels of profitability and gain a competitive edge on the market.