Production management refers to planning and controlling various production activities with the objectives of reducing costs, improving quantity and quality of products, ensuring optimal inventory levels and timely supply of goods and resources. An ideal plant location is where manufacturing and distribution costs are minimum, with easy access to raw materials, cheap labor, low transportation costs, proximity to markets, and banking services. Factors affecting plant location include proximity to markets and raw materials, transport facilities, infrastructure, labor, climate, economic zones, politics, and personal preferences.

1. Production ManagementIt refers to plan & control the various production activities.

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 LocationA 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.

6. Factors Affecting Plant LocationProximity to market