2. PRODUCTION MANAGEMENT
• Production management means planning, organizing, directing and controlling
of production activities.
• Production management deals with converting raw materials into finished
goods or products. It brings together the 6M's i.e. manpower, money,
machines, materials, methods and markets to satisfy the wants of the people.
• Production management also deals with decision-making regarding the
quality, quantity, cost, etc., of production. It applies management principles to
production.
• Production management is a part of business management. It is also called
"Production Function." Production management is slowly being replaced by
operations management.
• The main objective of production management is to produce goods and
services of the right quality, right quantity, at the right time and at minimum
cost. It also tries to improve the efficiency. An efficient organization can face
competition effectively. Production management ensures full or optimum
utilization of available production capacity.
3. PRODUCTION PLANNING AND
CONTROL
• PRODUCTION PLANNING AND CONTROL
(PPC)
Is the nerve center of the PMS because it relates
to all other production sub-systems and
coordinates the inputs of these sub-system s in
the PMS.
4. What is Production?
• Production is the process of making products. In this
process, different inputs like materials, manpower,
money,time,place,machines and other resources are
transformed into higher valued goods and services.
“Production is a process by which goods and service
are created.”
5. Product Planning
• Product Planning It is the on-going process of identifying and
articulating market requirements that define a product’s feature set. Product
planning serves as the basis for decisions about price, distribution and
promotion. Product planning is the process of creating a product idea and
following through on it until the product is introduced to the market.
Additionally, a small company must have an exit strategy for its product in
case the product does not sell. Product planning entails managing the
product throughout its life using various marketing strategies, including
product extensions or improvements, increased distribution, price changes
and promotions.
6. PROCESS PLANNING
• Process planning and process design Process: it is a sequence of
activities which are performed to achieve some result It converts
input into output Process planning: it is the complete description
of specific stages of in the production process It determines how a
product will be produced or a service will be provided.
• Process planning is required mostly for the new products and
services Process planning is the base for designing factory
buildings, facility layouts and selecting production equipment. It
also affects the job design and quality control.
7. PLANT PANNING
• Plant Planning The right plant enables the firm to produce the
desired quantity & quality of the products The choice of right
plant helps to minimize the capital investment. It produces job
satisfaction to employees Objectives of Plant Planning To set
optimum plant system that will provide highest efficiency
Effective integration of all factors such as man, material,&
machine
