Question: Discuss the basic concepts and principles of operations management, emphasizing their practical applications. Explore strategies for inventory control, quality assurance, and supply chain management. How

Discuss the basic concepts and principles of operations management, emphasizing their practical applications. Explore strategies for inventory control, quality assurance, and supply chain management. How do companies balance cost

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effectiveness with operational excellence? Evaluate the significance of forecasting, capacity planning, and scheduling in operations management. What metrics are used to gauge operational performance? Assess the influence of technology on contemporary operations management approaches."

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