Variability Management is a systematic approach used to handle differences and changes in products, processes, or systems. It focuses on identifying, controlling, and leveraging variability to improve efficiency and adaptability. This practice is essential in industries like manufacturing and software development, where diverse customer needs and market conditions require flexible solutions. By implementing Variability Management, organizations can streamline operations and reduce costs while maintaining quality. Techniques such as modular design and configuration management help businesses create customizable products without sacrificing performance. Ultimately, effective variability management leads to enhanced customer satisfaction and competitive advantage.