Operations management theory effectively optimize processes within organizations to enhance productivity, quality, and efficiency? Explore the foundational principles such as process design, capacity planning, inventory management, and supply chain optimization. Investigate how theories like Lean, Six Sigma, and Total Quality Management contribute to streamlining operations and reducing waste. Assess the role of technology, automation, and data analytics in modernizing operations. Additionally, consider the impact of external factors like globalization, sustainability, and regulatory compliance on operational strategies. Ultimately, how can operations management theory adapt and evolve to meet the dynamic challenges of today's business environment?