Question: How does effective inventory management impact overall business performance in operations management? Discuss the various inventory management techniques used to balance supply and demand, reduce

How does effective inventory management impact overall business performance in operations management? Discuss the various inventory management techniques used to balance supply and demand, reduce holding costs, and minimize stockouts. Additionally, explain how implementing these techniques can enhance customer satisfaction and operational efficiency. Provide examples of industries or companies that have successfully utilized these methods to streamline their operations and achieve competitive advantage in the marketplace.
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