"How do businesses optimize processes to enhance efficiency and productivity in Operations Management? Discuss key concepts like inventory management, supply chain coordination, and quality control. What strategies can organizations employ to minimize costs while maintaining high$-$quality standards? Explore the role of technology and innovation in streamlining operations. Additionally, how do factors like forecasting, capacity planning, and scheduling contribute to effective operations management strategies? Provide examples illustrating how these theories are applied in real$-$world business scenarios."