Question: Operations Management contribute to organizational success? Explore its basic principles like process optimization, inventory management, and quality control. Can you illustrate how these concepts are

Operations Management contribute to organizational success? Explore its basic principles like process optimization, inventory management, and quality control. Can you illustrate how these concepts are applied in real

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world scenarios across different industries? Additionally, discuss the role of technology and innovation in shaping modern operations strategies. How do businesses balance efficiency, cost

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effectiveness, and customer satisfaction in their operational decisions? Finally, what are the key challenges faced by operations managers in today's dynamic business environment?"

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