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Producing too much leads to inventory carrying costs and eventual obsolescence. Producing too little leads to stockouts and lost revenue. Accurate forecasting remains the holy grail of planning.

Focuses on unique, high-quality items tailored to specific needs. While more expensive, it offers a level of personalization mass production cannot match. production

Theory is useless without action. As you think about your own operations, consider these three strategic forks in the road: Producing too much leads to inventory carrying costs

[Your Name] Course: Economics / Operations Management Date: [Current Date] production