operations managers ensure efficiency in production processes while maintaining quality standards? Discuss the key principles of operations management and their application in real$-$world scenarios. Explore strategies for inventory management, capacity planning, and supply chain optimization. How do factors like demand forecasting and process design impact operational effectiveness? Analyze the role of technology in streamlining operations and mitigating risks. Lastly, examine the importance of continuous improvement and its implications for organizational success in today's competitive landscape."