Question: Operation management theory forms the foundation of efficient production processes in organizations. What are the key principles underpinning this theory, and how do they facilitate

"Operation management theory forms the foundation of efficient production processes in organizations. What are the key principles underpinning this theory, and how do they facilitate the optimization of resources, processes, and workflows? Explore the role of strategic planning, forecasting, capacity management, quality control, and inventory management in ensuring smooth operations. Additionally, delve into the significance of supply chain management, technology integration, and continuous improvement methodologies such as Lean and Six Sigma. How do these elements synergize to enhance productivity, reduce costs, and maintain competitiveness? Analyze real

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world examples to illustrate the practical application and impact of operation management theory."

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