Required:Given this brief description of the firm and its setting for each of the following operational activities and their associated drivers suggest some strategic changes in organizational activities (and drivers) that might reduce the cost of performing the indicated operational activity. Explain your reasoning.Operational Activity Operational Cost DriverInspecting products Number of inspection hoursMoving materials Distance movedReworking products Number of defective unitsSetting up equipment Setup timePurchasing parts Number of different partsStoring goods and materialsDays in inventoryExpediting orders Number of late ordersWarranty work Number of bad units sold