What concepts do you know related to Operations?

Question

Accepted Answer

Concepts related to Operations include supply chain management, process optimization, inventory control, and quality management.

Supply chain management involves the coordination of activities to ensure the smooth flow of goods and services from suppliers to customers.
Process optimization focuses on improving efficiency and effectiveness by identifying and eliminating waste in operations.
Inventory control involves managing the levels of stock to meet customer demand while minimizing holding costs.
Quality management aims to ensure that products or services meet or exceed customer expectations through continuous improvement.

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