Question: How does operations management theory contribute to enhancing organizational efficiency and effectiveness across various industries? Explore key concepts such as process optimization, inventory management, supply
How does operations management theory contribute to enhancing organizational efficiency and effectiveness across various industries? Explore key concepts such as process optimization, inventory management, supply chain coordination, and quality control. Investigate the role of operations strategy in aligning organizational goals with operational processes. Assess the impact of technological advancements and globalization on modern operations management practices. Discuss the importance of continuous improvement methodologies like Six Sigma and Lean principles in driving operational excellence and competitive advantage.
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