Apply knowledge and skills to optimize production objective of maximizing profitsusing qualitative and quantitative techniques in related areas of operationsmanagement.Implement technological tools in production models like forecasting, leanmanufacturing and world class manufacturing (WCM) to enhance the productivityand communication with other persons involving in operation and also to review theircontribution to the profit.12.2 Action Required:12.3 Test your Knowledge (Question):Q. What are three main types of budgets?

Learning Outcomes:Apply knowledge and skills to optimize production objective of maximizing profitsusing qualitative and quantitative techniques in related areas of operationsmanagement.Implement technological tools in production models like forecasting, leanmanufacturing and world class manufacturing (WCM) to enhance the productivityand communication with other persons involving in operation and also to review theircontribution to the profit.12.2 Action Required:12.3 Test your Knowledge (Question):Q. What are three main types of budgets?