"How does Operations Management optimize processes to enhance efficiency and effectiveness in organizations? Discuss the key principles behind Operations Management and their application in real$-$world scenarios. How do concepts like process design, capacity planning, inventory management, and quality control contribute to operational success? Explain the role of Operations Management in achieving competitive advantage for businesses. How do companies balance cost, quality, speed, and flexibility in their operations? Explore the significance of lean production and Six Sigma methodologies in improving operational performance."