Production management deals with decision making related to production processes to produce goods or services according to specifications, amounts, and schedules at minimum cost. The ultimate objectives of production management are to produce products at pre-established cost, specified quality, and within scheduled time frames. Intermediate objectives include achieving goals for machinery, equipment, material, manpower, and manufacturing services. The scope of production management includes product selection and design, production planning and control, facilities location and layout, capacity planning, and operational or short-term decisions.