2. 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. Definition
3. 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. Objectives of P.M.
4. Ideal Plant Location It refers to the place where the cost of manufacturing the goods & its distribution is minimum.
5. 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.
