True or False: Operations management involves the design, operation, and improvement of the systems that create and deliver a firm$$s primary products and services.

Answer: True

True or False: Effective supply chain management is essential for optimizing the production process and reducing costs in operations management.

Answer: True

True or False: Just$-$in$-$time $($JIT$)$ inventory systems aim to reduce waste and increase efficiency by receiving goods only as they are needed in the production process.

Answer: True

True or False: Total Quality Management $($TQM$)$ is a management approach that seeks to improve quality and performance in all departments, using customer feedback as a critical factor.

Answer: True

True or False: Lean manufacturing focuses on minimizing waste without sacrificing productivity.

Answer: True

True or False: Capacity planning is a crucial aspect of operations management, ensuring that a business can meet future demand without excessive delay.

Answer: True

True or False: Six Sigma is a methodology used in operations management to reduce defects and improve processes using statistical analysis.

Answer: True

True or False: Operations management is concerned with the efficient conversion of resources into goods and services to meet customer demand.

Answer: True

True or False: Demand forecasting is a critical component of operations management, helping organizations plan production and inventory levels.

Answer: True

True or False: Continuous improvement is a core principle in operations management, focusing on constantly improving processes and systems to increase efficiency and effectiveness.

Answer: True