Question: Operations Management optimize processes for efficiency and productivity in various industries? Discuss the fundamental principles and techniques used to manage resources, schedules, and workflows effectively.

Operations Management optimize processes for efficiency and productivity in various industries? Discuss the fundamental principles and techniques used to manage resources, schedules, and workflows effectively. Explore the role of forecasting, capacity planning, and quality management in ensuring smooth operations. How do businesses balance cost efficiency with quality standards? Analyze the impact of technology adoption and globalization on operational strategies. Highlight key challenges and strategies for improvement in contemporary operations management practices."

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