Question: operations management theories effectively optimize processes and resources within organizations to enhance productivity, quality, and efficiency while minimizing costs and risks? Discuss the foundational principles
operations management theories effectively optimize processes and resources within organizations to enhance productivity, quality, and efficiency while minimizing costs and risks? Discuss the foundational principles of operations management, including inventory management, supply chain optimization, capacity planning, and quality control. Explore how contemporary theories such as lean manufacturing, Six Sigma, and Total Quality Management TQM contribute to operational excellence. Analyze case studies or realworld examples to illustrate the application of these theories in various industries. Finally, evaluate the role of technology, globalization, and sustainability in shaping modern operations management practices and their impact on organizational performance."
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