Question: Task 8 7 Problem 1 4 . 3 ## What are the foundational theories and principles that underpin the field of operations management? Explore key

Task 87 Problem 14.3 ## "What are the foundational theories and principles that underpin the field of operations management? Explore key concepts such as process design, capacity planning, inventory management, and supply chain optimization. Investigate how these theories are applied in real-world settings to improve efficiency, quality, and responsiveness in manufacturing and service industries. Discuss the role of technology, including automation and data analytics, in enhancing operational effectiveness and decision-making processes. Analyze case studies or examples where operations management strategies have driven organizational success or addressed challenges such as variability, uncertainty, and global competition. Finally, examine the evolving nature of operations management in the digital age, considering factors like sustainability, resilience, and customer-centricity, and its implications for businesses and society at large."

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