This document discusses production planning and control. It outlines several key objectives of production planning including minimizing costs and inventory while maximizing customer service and production efficiency. The document then describes different types of production systems like continuous, job-based, and intermittent production. It also discusses important aspects of production like product design, development, marketing, functional operations, aesthetics, and profit considerations. Standardization, simplification, and break-even analysis are also covered as important strategies for production.
Drivers for product innovation; Process innovation; Concurrent engineering; Business process re-engineering - BPR; Reverse engineering; Value chain model & process innovation
Drivers for product innovation; Process innovation; Concurrent engineering; Business process re-engineering - BPR; Reverse engineering; Value chain model & process innovation
What is job costing? What are its main characteristics?
Characteristics
Features
procedure involve in job order costing.
Applicability
What is BEP? List out the assumption of breakeven analysis
Assumption of BEP analysis
What is Profit Volume (P/V) Ratio
What is CVP analysis? How does it help the management?
What is process costing? What are its main characteristics? Name the industries where process costing can be applied.
Normal Loss
Abnormal Loss
Abnormal Gain
Job Costing & Process Costing
Accounting for losses in process costing
What do you mean by operating costing? Draw a specimen cost sheet for transport costing.
INDUSTRY AND CORRESPONDING COST UNIT
RECONCILIATION STATEMENT
Production planning and control refers to two strategies that work cohesively throughout the manufacturing process. Production planning involves what to produce, when to produce it, how much to produce, and more. A long-term view of production planning is necessary to fully optimize the production flow.
Production control uses different control techniques to reach optimum performance from the production system to achieve throughput targets.
Click below to ENROLL in the course OR Copy paste the URL below.
https://www.udemy.com/course/production-ppc
What is job costing? What are its main characteristics?
Characteristics
Features
procedure involve in job order costing.
Applicability
What is BEP? List out the assumption of breakeven analysis
Assumption of BEP analysis
What is Profit Volume (P/V) Ratio
What is CVP analysis? How does it help the management?
What is process costing? What are its main characteristics? Name the industries where process costing can be applied.
Normal Loss
Abnormal Loss
Abnormal Gain
Job Costing & Process Costing
Accounting for losses in process costing
What do you mean by operating costing? Draw a specimen cost sheet for transport costing.
INDUSTRY AND CORRESPONDING COST UNIT
RECONCILIATION STATEMENT
Production planning and control refers to two strategies that work cohesively throughout the manufacturing process. Production planning involves what to produce, when to produce it, how much to produce, and more. A long-term view of production planning is necessary to fully optimize the production flow.
Production control uses different control techniques to reach optimum performance from the production system to achieve throughput targets.
Click below to ENROLL in the course OR Copy paste the URL below.
https://www.udemy.com/course/production-ppc
Units
and dimensions Properties of fluids mass density, specific weight,
specific volume, specific gravity, viscosity, compressibility, vapor pressure,
surface tension and capillarity
Student information management system project report ii.pdfKamal Acharya
Our project explains about the student management. This project mainly explains the various actions related to student details. This project shows some ease in adding, editing and deleting the student details. It also provides a less time consuming process for viewing, adding, editing and deleting the marks of the students.
We have compiled the most important slides from each speaker's presentation. This year’s compilation, available for free, captures the key insights and contributions shared during the DfMAy 2024 conference.
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Discover the different forklift classes and their specific applications. Learn how to choose the right forklift for your needs to ensure safety, efficiency, and compliance in your operations.
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Saudi Arabia stands as a titan in the global energy landscape, renowned for its abundant oil and gas resources. It's the largest exporter of petroleum and holds some of the world's most significant reserves. Let's delve into the top 10 oil and gas projects shaping Saudi Arabia's energy future in 2024.
Cosmetic shop management system project report.pdfKamal Acharya
Buying new cosmetic products is difficult. It can even be scary for those who have sensitive skin and are prone to skin trouble. The information needed to alleviate this problem is on the back of each product, but it's thought to interpret those ingredient lists unless you have a background in chemistry.
Instead of buying and hoping for the best, we can use data science to help us predict which products may be good fits for us. It includes various function programs to do the above mentioned tasks.
Data file handling has been effectively used in the program.
The automated cosmetic shop management system should deal with the automation of general workflow and administration process of the shop. The main processes of the system focus on customer's request where the system is able to search the most appropriate products and deliver it to the customers. It should help the employees to quickly identify the list of cosmetic product that have reached the minimum quantity and also keep a track of expired date for each cosmetic product. It should help the employees to find the rack number in which the product is placed.It is also Faster and more efficient way.
Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
Using recycled concrete aggregates (RCA) for pavements is crucial to achieving sustainability. Implementing RCA for new pavement can minimize carbon footprint, conserve natural resources, reduce harmful emissions, and lower life cycle costs. Compared to natural aggregate (NA), RCA pavement has fewer comprehensive studies and sustainability assessments.
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2. OBJECTIVES AND BENEFITS
• • Minimize costs / maximize profits
• • Maximize customer service
• • Minimize inventory investment
• • Minimize changes in production rates
• • Minimize changes in work-force levels
• • Maximize the utilization of plant and
equipment
3.
4.
5. FUNCTIONS OF PRODUCTION
CONTROL
• Production function encompasses the activities of
procurement, allocation and utilization of resources.
• The main objective of production function is to
produce the goods and services demanded by the
customers in the most efficient and economical way.
• Therefore efficient management of the production
function is of utmost importance in order to achieve
this objective.
6. TYPES OF PRODUCTION
• Continuous production
• Job or unit production
• Intermittent production
7. Continuous production
• It refers to the production of standardized products
with a standard set of process and operation
sequence in anticipation of demand.
• It is also known as mass flow production or
assembly line production.
• This system ensures less work in process inventory
and high product quality but involves large
investment in machinery and equipment.
8. Job or unit production
• It involves production as per customer‘s
specification each batch or order consists of a
small lot of identical products and is different
from other batches.
• The system requires comparatively smaller
investment in machines and equipment.
• It is flexible and can be adapted to changes in
product design and order size without much
inconvenience.
9. Intermittent production
• Under this system the goods are produced
partly for inventory and partly for customer's
orders.
• E.g. components are made for inventory but
they are combined differently for different
customers. .
• Automobile plants, printing presses, electrical
goods plant
10.
11. PRODUCT DESIGN
• Product design is a strategic decision as the image and profit
earning capacity of a small firm depends largely on product
design.
• Once the product to be produced is decided by the
entrepreneur the next step is to prepare its design
• Product design consists of form and function. The form
designing includes decisions regarding its shape, size, color
and appearance of the product.
• The functional design involves the working conditions of the
product.
12. PRODUCT DEVELOPMENT
(a) Standardization
(b) Reliability
(c) Maintainability
(d) Servicing
(e) Reproducibility
(f) Sustainability
(g) Product simplification
(h) Quality Commensuration with cost
(i) Product value
(j) Consumer quality
(k) Needs and tastes of consumers.
13. MARKETING ASPECT
• Sales and Marketing is a key function whose participation is often hard to
enlist.
• Sales and Marketing are critical functions in this process, since they
provide the starting point of the planning and scheduling process -- the
forecasts and customer order demands
• They are also vital from the viewpoint of providing the proper customer
perspective whenever changes need to be made to plans and schedules
based on mismatches of resources to customer demands.
• Only with a proper level of participation in Planning and Scheduling, can
Sales and Marketing optimally leverage its performance and create a
trusting and consensus-based working relationship with Manufacturing,
Purchasing, Planning, Engineering and all other functions in the company.
15. DURABILITY AND DEPENDABILITY
Dependability for a system gathers the following attributes or non-functional
requirements:
Availability: readiness for correct service
Reliability: continuity of correct service
Maintainability: to undergo modifications and repairs
Durability aspects concerns about the way the production is going to serve
the purpose with out any hurdles for a prolonged period of time scale
17. Profit consideration
• taking the time to calculate the profit margin for a
product line or even for a company as a whole is
essential to determining if a company is growing,
maintaining its current market share, or is losing
customers and is in danger of not making a profit.
• Many companies choose to look at profit margin
ratios on a regular basis, just to make sure that sales
are headed in the right direction, and that expenses
are being contained in order to maximize the returns
from those sales.
18. Standardization
• Sizes for screws, nuts bolts and other threaded fasteners were
first standardized based on work of by Joseph Whitworth..
• Pipe sizes
• Shoe size standardization
• The screw base size and thread dimensions of electric lamp
bulbs was standardized by Thomas Edison.
• Electrical voltage and frequency
• Electrical wiring and device standards
19. Simplification and specialization
• The production system should be as simple as
possible to make it easy for understanding as
well as easy for execution
• Specialization of production infers the special
production system for specific products or
services.
20. Break even analysis
The break-even chart is a
graphical representation of
costs at various levels of
activity shown on the same
chart as the variation of
income (or sales, revenue)
with the same variation in
activity. The point at which
neither profit nor loss is
made is known as the "break-
even point"