Apply knowledge and skills to optimize production objective of maximizing profits using qualitative and quantitative techniques in related areas of operations management.

Apply knowledge and skills to optimize production objective of maximizing profits

using qualitative and quantitative techniques in related areas of operations

management.

Implement technological tools in production models like forecasting, lean

manufacturing and world class manufacturing (WCM) to enhance the productivity

and communication with other persons involving in operation and also to review their

contribution to the profit.
11.2 Action Required:

Watch the short video in the following link

11.3 Test your Knowledge (Question):

Q. What are three main types of budgets?

11.4 Instructions

Answer the question in test your knowledge section.

Post your answer in the discussion board using the discussion link

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