Production Management

It refers to plan & control the various

production activities.
Definition
Production Management is the process of
planning & regulating the operations of that
part of enterprise which is responsible for
actual transformation of materials into
finished products.
Objectives of P.M.
To reduce the cost of production.
To improve the quantity of the product.
To ensure the optimum Inventory level.
To ensure timely Supply of Goods.
To ensure the supply of all the Required

Resources.
To conduct the Time & Motion Study.
Ideal Plant Location
It refers to the place where the cost of
manufacturing the goods & its distribution
is minimum.
 Ideal Plant Location
A place is consider appropriate where the
following facilities are available:

Easy availability of raw materials.

Availability of cheap labor in sufficient numbers.
Minimum burden of transport.
Proximity of market.
Availability of banking services.
 Factors Affecting Plant Location

Proximity to market
Proximity to sources to raw material
Transport facilities
Infrastructural Facilities
Labor
Climatic conditions
Special Economic Zones
Political Stability
Personal Factors