2. Definition
Acc to E.S.Buffa,
“Production Mgt deals with Decision
Making related to Production
Processes so that the resulting
goods or services is produced
according to specifications in the
amounts & by the schedules
demanded & at minimum cost”.
3. Objective of Production Management
1. ULTIMATE OBJECTIVE
To produce product at:
Pre-established cost
According to specified quality
Within situated time schedules
Sub Qualified as:-
Manufacturing Cost
Production Quality
Manufacturing time Schedule
5. SCOPE
1. Product selection &
design
2. Product selection &
planning
3. Facilities Location
4. Facilities Layout &
Material Handling
5. Capacity Planning
6. Operational or Short
Term Decision
Production planning
Production control
Inventory control
quality control
Method Study
Maintance &
Replacement
Cost reduction &
control