1. MANAGEMENT CONTROL SYSTEMS [302]BY : Pravin Tungare

2. UNIT 1Conceptual Framework of Control Function

4. Control ensures performance as expected

6. Managers are accountable for loss of control

8. Brings clarity of purpose

9. Eliminates conflicts & confusion

10. Decides managerial efficiency & effectiveness

11. Timely feedback to concerned persons

12. Useful to implement JIT, TQM, TPM etc.

13. Provides framework for performing various tasks

16. 1.4 Feedback control Vs Feed forward control (i) Closed loop control system (i) Open loop control system (ii) Input & output are not coupled (ii)Input & output are coupled (iii) System waits for loop to complete(iii) System does not so wait (iv) Do not rely on inputs & process (iv) Relies on inputs & process to initiate control to initiate control Rarely useful in managerial tasks(v) Very much useful Response time prohibitively long(vi) Quick response time (vii) May introduce system instability(vii) Not likely to introduce (viii)Reacts to deviations (viii) Reacts to factors causing deviations (ix) Output cannot be manipulated (ix)Output can be manipulated as per inputson the basis of inputs (x) Examples (x) Examples - Material variance - Output of chemical system - Budgetary Control System - Quality & Quantity of automobile product