INTRODUCTION ABOUT

PRODUCTION AND OPERATIONS

MANAGEMENT

EKTA SINGH THAKUR

ASSISTANT PROFESSOR
CGC LANDRAN CBSA
INTRODUCTION
 Production management refers to a group of operations that involves planning,
coordinating, monitoring, administration, and judgment about the inputs and outcomes
of a production process.
 It concentrates on the process of turning intakes and raw materials into the company’s
final goods.
 What is Production?
 Production generates goods that people want and will pay for, which stimulates the
economy and enables producers to keep generating more and more outputs.
 A company that creates items is referred to as a producer in economics. These
companies generate commodities that customers will want to buy using inputs like both
material and immaterial, which are accessible to them.
 It usually coordinates, supervises, and regulates the individuals or teams in charge of
the manufacturing process itself, equipment maintenance, quality control, and
inventory control.
Functions of Production Management
 The 6Ms of production management fall under the functions of production management —
Men, Machines, Money, Methods, Materials, and Market—which are used in an effort to meet
better customer expectations.
• Choose design and product : Production management aids in the organization’s choice of the
appropriate product for production as well as the appropriate design.
• It becomes crucial for businesses to have a thorough grasp of their customers in order to
develop goods that meet their expectations.
• To satisfy client expectations and still be cost-effective, products must undergo a thorough
assessment.
OPERATIONS MANAGEMENT
Operations management is the administration of business structure, practices, and processes to enhance
efficiency and maximize profit.
It refers to the management of functions that a business needs to run effectively day-to-day, including:
• Overseeing multiple departments and providing goals
• Overseeing and streamlining processes
• Balancing revenue and costs
• Developing strategic plans
• Production, logistics, and supply chain
• Responsibilities of operations managers
• Evaluating, designing, and implementing business processes
• Managing logistical processes and supply chain
• Overseeing production, distribution, and quality assurance
• Managing and analyzing financial budgets
• Making strategic decisions and engaging with other senior staff members on business strategy
• Supervising employees
DIFFERENCE BETWEEN PRODUCTION
& OPERATIONS MANAGEMENT