Question: Explain the key principles and techniques utilized in operations management for optimizing processes and resources. Explore the role of operations strategy in achieving competitive advantage.

Explain the key principles and techniques utilized in operations management for optimizing processes and resources. Explore the role of operations strategy in achieving competitive advantage. Discuss the importance of quality management and its impact on operations. How do businesses manage inventory and supply chain to meet customer demands? Analyze the significance of capacity planning and scheduling in operations management. Highlight examples of successful operations management strategies in various industries."

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