Statement: "Operations management is a critical function in any organization as it involves the design, oversight, and control of the processes that produce goods and services. Operations Management ensures that the production and delivery of goods and services are carried out efficiently, cost-effectively, and to a high standard of quality. By focusing on operational excellence, organizations can achieve significant competitive advantages, enhance customer satisfaction, and ensure long-term sustainability and growth." Critically analyse this statement and justify your reasoning with relevant literature and examples. Reflect on your own experiences, if applicable, or draw from experiences of others you know. Share personal insights, challenges and successes that resonate with or contradict the statement. Support your analysis with relevant literature and real-life examples where possible.