Question: Discuss the fundamental principles underlying Operations Management and their application in real - world scenarios. Explore the significance of key concepts like capacity planning, inventory

Discuss the fundamental principles underlying Operations Management and their application in real

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world scenarios. Explore the significance of key concepts like capacity planning, inventory management, and quality control in ensuring smooth operations. How do these principles contribute to cost reduction and customer satisfaction? Additionally, analyze the role of technology and innovation in shaping modern operations strategies for competitive advantage."

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