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Nov 28

Production management supports the business in its expansion and growth. Production Management is a process which involves managing and controlling production activities of business. Commerce Mates is a free resource site that presents a collection of accounting, banking, business management, economics, finance, human resource, investment, marketing, and others. Production management must select the right production process. 82 Production and Operations Management—An Overview . It is evident from above definitions that production planning and its control are the main characteristics of production management. It performs several research programs to understand the wants of customers. Selection of proper location for setting production facilities is a must for ensuring smooth functioning. Production management helps the business is facing stiff competition in the market. (2) Production engineering. It ensures that a firm produces the right product in the right quantity, at the right time and provides it to the customer at the right cost. Expansion and growth are the ultimate aims of every business. Various technological and innovation changes are easily implemented in business using Production management. It involves the application of management principles to the production function of the business to increase productivity. Plagiarism Prevention 4. The planning and control of all these activities required more expertise and special techniques. Production management ensures that the right quality products at the right cost are delivered to customers at the right cost. It decides in advance what to produce and in how much quantity, then decides process for production, sets the starting and completion dates for production activities. Enhances Goodwill and Reputation of Business, What is Production Management and its Importance, Nature and Scope of Production Management, Objectives and Functions of Financial Management, Objectives and Functions of Sales Management. Definition: Production management is a set of activities that embrace planning, coordination, supervision, control and decision-making regarding resources and outputs of a production process.It often applies to the organizational functions in charge of the entire production activities, including volume, cost and quality associated to them. This is another one that seems to confuse people, and part of this is because production management and product management aren’t entirely the same thing, but this is a common misconception. Why is production and operations management important in both manufacturing and service firms? Production management process focuses on continuous routine inspection of machines, performs regular cleaning and oiling, removal and replacement of any obsolete and damaged equipment’s. There are so many functions of the production department. In other words, production management involves application of planning, organizing, directing and controlling the production process. It lays stress on materialistic features only. After choosing a product, its proper design is selected to ensure that customer needs are fully satisfied at a lower cost. It aims at increasing the profitability of the business by decreasing the overall operating cost. The application of management to the field of production has been the result of at least three developments: (i) First is the development of factory system of production. All these steps taken by production management prevent any machinery breakdown and avoid any production halts. Production management keeps an eye on each and every activities and element associated with production operations. Until the emergence of the concept of manufacturing, there was no such thing as management as we know it. In modern times production management has to perform a variety of functions, namely: (i) Design and development of production process. It involves the application of management principles to the production function of the business to increase productivity. But with development of factory system towards mechanization and automation the indirect labour costs increased tremendously in comparison to direct labour costs, e.g., designing and packing of the products, production and inventory control, plant layout and location, transportation of raw materials and finished products etc. These strategies are formed and implemented by production management for achievement of different pre-set goals in terms of unit costs, quality, production mix and capacity of production.eval(ez_write_tag([[300,250],'commercemates_com-large-mobile-banner-1','ezslot_6',172,'0','0'])); Production management aims at proper integration and utilisation of 6M’s: Men, Machine, Money, Methods, Materials and Market to satisfy the customer needs in a better way. Before publishing your articles on this site, please read the following pages: 1. In the beginning the main function of production management was to control labour costs which at that time constituted the major proportion of costs associated with production. (iii) Supervision and control of transformation process for efficient production of goods and services. The functions of the production function are described below: Production management helps the firm in selection of proper products and design. Home » Production Management » Functions of Production Management. This will helps in facing the competition easily. It properly analyzes the market requirements and competitors activities before planning for production activities. However, the responsibility of determining the output characteristics and the distribution strategy followed by an organization including pricing and selling policies are normally outside the scope of Production Management. Goodwill and image of a business is a key element in attracting and retaining customers. Content Filtrations 6. Proper functioning of machinery is important for uninterrupted production. Earlier these organizations were mostly in the form of one man shops having insignificant problems of managing the productions. Production Management is a process which involves managing and controlling production activities of business. In the case of poor planning and control of production activities the organization may not be able to attain its objectives and may result in loss of customer’s confidence and retardation in the progress of the establishment. TOS 7. Production, the creation of products and services, is an essential function in every firm.Production turns inputs, such as natural resources, raw materials, human resources, and capital, into outputs, which are products and services. Selection of the right product and its proper design is important for the survival of every business in the market. Production management supervises and controls all persons associated with production operations of the business and ensure the desired output.

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