1. Right Quality:
The quality of the product is established based on the customer needs in the market. The right quality is not necessarily the best quality of the product. It is determined by the cost of the product and the technical characteristics as suited to the specific requirements of the customers in the market environment.
2. Right Quantity:The manufacturing organization should produce the products in the right number. If they are produced more than demand the capital will block up in the form of inventory and if the quantity is produced in short of demand, leads to a shortage of products.
3. Right Time:Timeliness of delivery of the product to the consumer or wholesaler is one of the critical parameters to judge the effectiveness of the production department. So, the production department has to make the optimal utilization of input resources to achieve its desired objectives.
4. Right Manufacturing Cost:Manufacturing costs are incurred before the product is manufactured and released into the market. Hence, all attempts should be made to the duce the products at a pre-established cost, to reduce the variation between the actual and the standard (pre-established) cost.
2. Our Vision
Our Mission
You can edit this texts
for your presentations.
You can edit this texts
for your presentations.
3. Why are we
studying this this
subject?
• Intended to monitor and controls
the organization, production and
material requirements required in
the manufacture of the final
product.
• This subject will provide students
with the knowledge related to
industrial environment such as shop
floor simulation, analyze and
enhance the flow of value stream in
a production house
4. 2010-today
1901-2009
1801-1900
1700-1800
This was when machines powered by steam engines, like the steam locomotive and
textile mills, transformed manual labor and made production more efficient.
IR 1.0 - The First Industrial Revolution (Late 18th Century):
IR 2.0 - The Second Industrial Revolution (Late 19th Century):
This period saw the rise of electricity, the internal combustion engine,and the
development of mass production techniques, such as assembly lines.
IR 3.0 - The Third Industrial Revolution (Late 20th
Century):
Often referred to as the Digital Revolution, this phase involved the
use of computers, electronics, and automation in industries.
IR 4.0 - The Fourth Industrial Revolution
(2010s Onward):
This ongoing phase involves the fusion of digital
technologies (like artificial intelligence, big data, and the
Internet of Things) with physical systems.
5.
6. Assessment Type Assessment Method
Assessment
Weighting
Coursework
Online test (CLO1)
Online test (CLO1)
Practical test (CLO2)
Project presentation via
video (CLO3)
Project report (CLO3)
15 %
15 %
30 %
10 %
30 %
Course Assessment
7. FIB42003 CAPM Assessment Distribution
CAPM
Online Test
(15%)
Written Test
(15%)
Practical Test
(30%)
Weekly Lab
Report (10%)
Practical Test
(20%)
Mini Project
(40%)
Report (30%)
Video (10%)
8. Objectives of Production Management
1. Right Quality:
The quality of the product is established based on the customer needs in the market. The right quality is not
necessarily the best quality of the product. It is determined by the cost of the product and the technical
characteristics as suited to the specific requirements of the customers in the market environment.
2. Right Quantity:
The manufacturing organization should produce the products in the right number. If they are produced more than
demand the capital will block up in the form of inventory and if the quantity is produced in short of demand, leads to
a shortage of products.
3. Right Time:
Timeliness of delivery of the product to the consumer or wholesaler is one of the critical parameters to judge the
effectiveness of the production department. So, the production department has to make the optimal utilization of
input resources to achieve its desired objectives.
4. Right Manufacturing Cost:
Manufacturing costs are incurred before the product is manufactured and released into the market. Hence, all
attempts should be made to the duce the products at a pre-established cost, to reduce the variation between the
actual and the standard (pre-established) cost.
9.
10. You can edit this text for your
presentation.
Title Here
You can edit this text for your
presentation.
Title Here
You can edit this text for your
presentation.
Title Here
You can edit this text for your
presentation.
Title Here
OUR SERVICES
We Deliver Wor ld Wide!
Presentations are communication tools that can be used as
demonstrations, lectures, speeches, reports, and more.
11. MEET OUR TEAM
We Deliver Wo rld Wide!
Presentations are communication tools that
can be used as demonstrations, lectures,
speeches, reports, and more.
12. You can edit this text for your
presentation
Title Here
You can edit this text for your
presentation
Title Here
You can edit this text for your
presentation
Title Here
You can edit this text for your
presentation
Title Here
13. Infographics
We Deliver Wo rldwide
Presentations are communication tools that can be used as demonstrations,
lectures, speeches, reports, and more.
14. GET IN TOUCH
And Surf with us!
(+123) 456 789
Your Address St, City
FPPT.com