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It is the goal of every company to produce high quality products and services efficiently and effectively. Operations management is comprised of three main categories: cost, service, and quality.
Companies main cost objective is to produce and deliver products and services with the minimal amount of cost expended. The main service objective typically encompasses time; delivering quality products and services to customers in a timely manner or within an agreed upon time-frame. Quality objectives typically encompass adhering to an established tolerance threshold of quality control product standards of performance...
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