Question: How does Operations Management optimize processes to enhance efficiency and productivity? Discuss key principles such as process design, capacity planning, inventory management, and quality control.
"How does Operations Management optimize processes to enhance efficiency and productivity? Discuss key principles such as process design, capacity planning, inventory management, and quality control. How do these concepts apply in various industries, from manufacturing to services? Explore the role of technology in streamlining operations and the importance of continuous improvement. Additionally, analyze how Operations Management strategies contribute to cost reduction and customer satisfaction, citing relevant examples from businesses worldwide."
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