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How does operations management serve as a strategic tool for enhancing organizational efficiency and competitiveness? Explore the fundamental principles and techniques of operations management in
How does operations management serve as a strategic tool for enhancing organizational efficiency and competitiveness? Explore the fundamental principles and techniques of operations management in optimizing processes, resources, and systems across various industries. Discuss the role of operations strategy in aligning organizational goals with operational capabilities, encompassing aspects such as capacity planning, inventory management, and quality control. Analyze the significance of lean manufacturing, Six Sigma, and other continuous improvement methodologies in streamlining operations and minimizing waste. Furthermore, examine the impact of technology, globalization, and sustainability on contemporary operations management practices, emphasizing the need for agility and innovation in today\'s dynamic business environment.
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