PRODUCTION MANAGEMENT IMPORTANCE & CONCEPTS

INTRODUCTION
Production is the base of marketing and other business activities.

Production management is basically concerned with manufacturing and other related or supplementary activities.

MEANING OF PRODUCTION MANAGEMENT

Production management is one functional area of total business management.

Production is the process of transforming raw materials or purchased components into finished products for sales.

DEFINITION PRODUCTION MANAGEMENT

According to Elwood Buffa:
Production management is a set of general principles for production economies, facility design, job design, schedule design, quality control, inventory control, work study and cost and budgetary control.

PRODUCTION PROCESS

FUNCTIONS
Design & development of production process. Layout and provision of essential facilities in the unit Production planning and control Production budget and inventory control Cost control and quality control Routing and scheduling of production activities Co-ordination with other departments

IMPORTANCE OF PRODUCTION MANAGEMENT

PRODUCTION CYCLE STARTS AND END WITH THE CUSTOMER

CONCEPTS
Production as Marketing Function

Production as Finance Function

Production as a Purchase Function

OTHER CONCEPTS
Personnel, R & D, training and HRD are also closely connected with the production function.
Production procedure involves the cooperative and coordinated efforts of all the departments

A LOOK AT THE FUTURE !!

Outsourcing everything An industrial army of robots Whats in the box Unloading zones Have it your way Main street chain store

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