"How do businesses optimize processes to enhance efficiency and productivity in Operations Management? What are the key principles guiding inventory management and supply chain logistics$?$ Explain the role of forecasting in operations and its impact on decision$-$making. How do organizations ensure quality control and continuous improvement in their operations? What strategies are employed to manage capacity and resources effectively? Discuss the importance of lean manufacturing and its application in streamlining operations. How do businesses balance cost reduction with maintaining service quality in Operations Management?"