This chapter discusses operations and supply strategy. It begins by defining operations and supply strategy as setting broad policies and plans for using a firm's resources to best support its long-term competitive strategy. It then outlines the main competitive dimensions a strategy may focus on, such as cost, quality, delivery speed and flexibility. It also discusses the trade-offs firms may face in these dimensions. Next, it defines order qualifiers and order winners. It then presents a framework for operations and supply strategy. Finally, it defines different measures of productivity and provides an example calculation.