Question: Discuss the fundamental principles and techniques employed in optimizing processes and resources. What are the key objectives of Operations Management and how do they align
Discuss the fundamental principles and techniques employed in optimizing processes and resources. What are the key objectives of Operations Management and how do they align with organizational goals? Explore the significance of quality management, capacity planning, and inventory control in ensuring smooth operations. How do businesses utilize forecasting and scheduling to meet demand and maintain competitiveness? Highlight the importance of operations strategy in achieving sustainable success."
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