"How does operations management optimize processes to enhance efficiency and productivity in various industries? Explore the fundamental principles behind operations management and its application in real$-$world scenarios. Discuss the significance of forecasting, capacity planning, inventory management, and quality control in ensuring smooth operations. How do businesses balance cost$-$effectiveness with quality assurance? Analyze the role of technology and innovation in revolutionizing operations management practices. What are the key challenges faced by operations managers, and how are they addressed?"