Consider the below mentioned statements: 1. Quality circles are very efficient in executing low cost projects by using non-intrusive methods of improving productivity and quality throughout the organization. 2. In matching method, the production capacity is held constant at an optimum level.

Production management is the process of managing the activities of a business to create products and services. So, it happens in service as well as in manufacturing industries.

In manufacturing operations, production management includes responsibility for product and process design, planning and control issues involving capacity and quality, and organization and supervision of the workforce.

The '5 Ms' of Production management are: men, machines, methods, materials, and money.