Lead factory global facility type is described as the source of product and process innovation and competitive advantage across the entire organization.
Competitive advantage refers to factors that enable a firm to produce better or cheaper goods or services than its competitors. These factors enable manufacturing companies to generate more sales or higher margins compared to their market competitors.
The four main ways to gain a competitive advantage are cost leadership, differentiation, defensive strategies, and strategic alliances.
Having a competitive advantage is critical to business success because: It can contribute to higher profit margins. It helps you attract more customers more often. Helps maintain brand loyalty.
Learn more about competitive advantage at
https://brainly.com/question/25757665
#SPJ4
