Thursday, 16 May 2019

Production Management


Production management, also called operations management, planning and control of industrial processes to ensure that they move smoothly at the required level. Techniques of production management are employed in service as well as in manufacturing industries. It is a responsibility similar in level and scope to other specialties such as marketing or human resource and financial management. 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.
 Characteristics of production management
1. Production Management is the process of effective planning
It helps in regulating the operations of that section of an enterprise which is responsible for the actual transformation of materials into finished products.
2. Related to the production process.
goods and services are produced in accordance with the quantitative specifications and demand schedule with minimum cost.
3. Production Management is a set of general principles for production
Production management has a set of certain principles like economies, facility design, job design, schedule design, quality control, inventory control, work study and cost, and budgetary control.

Planning And Control
Although the five M’s capture the essence of the major tasks of production management, control summarizes its single most important issue. The production manager must plan and control the process of production so that it moves smoothly at the required level of output while meeting cost and quality objectives. Process control has two purposes: first, to ensure that operations are performed according to plan, and second, to continuously monitor and evaluate the production plan to see if modifications can be devised to better meet cost, quality, delivery, flexibility, or other objectives. 
Happy Learning!
Anamika Gupta
IAAN


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