Question: How does operations management optimize processes to enhance efficiency and productivity in businesses? Explore the fundamental theories behind inventory management, capacity planning, and scheduling. Discuss

"How does operations management optimize processes to enhance efficiency and productivity in businesses? Explore the fundamental theories behind inventory management, capacity planning, and scheduling. Discuss the role of quality management in ensuring customer satisfaction. How do businesses apply operations strategies to minimize costs while maintaining quality standards? Analyze the importance of supply chain management in streamlining operations and meeting customer demands. Lastly, examine the impact of technology on modern operations management practices."

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