Question: How does Operations Management contribute to enhancing efficiency and productivity within organizations? Discuss the fundamental principles and strategies employed in Operations Management to optimize processes

"How does Operations Management contribute to enhancing efficiency and productivity within organizations? Discuss the fundamental principles and strategies employed in Operations Management to optimize processes and resources. What role does technology play in streamlining operations? How do factors like forecasting, inventory management, and quality control impact operational effectiveness? Explore how Operations Management principles are applied in various industries to achieve competitive advantage and meet customer demands effectively."

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