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Production Management --Importance _ Concepts

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					PRODUCTION MANAGEMENT
 IMPORTANCE & CONCEPTS
            INTRODUCTION
 Production is the base of marketing and
other business activities.




 Production management is basically
concerned with manufacturing and other
related or supplementary activities.
 MEANING OF PRODUCTION
     MANAGEMENT

 Production management is one functional
  area of total business management.


 “Production is the process of transforming
  raw materials or purchased components into
  finished products for sales”.
DEFINITION – PRODUCTION
     MANAGEMENT

According to Elwood Buffa:

 “Production management is a set of
  general principles for production
  economies, facility design, job design,
  schedule design, quality control,
  inventory control, work study and cost
  and „budgetary control.”
PRODUCTION PROCESS
            FUNCTIONS
 Design & development of production
  process.
 Layout and provision of essential
  facilities in the unit
 Production planning and control
 Production budget and inventory control
 Cost control and quality control
 Routing and scheduling of production
  activities
 Co-ordination with other departments
IMPORTANCE OF
PRODUCTION MANAGEMENT




 “PRODUCTION CYCLE
STARTS AND END WITH THE
CUSTOMER”
            CONCEPTS
Production as Marketing Function



Production as Finance Function



Production as a Purchase Function
        OTHER CONCEPTS

 Personnel, R & D, training and HRD are
also closely connected with the production
function.

 Production procedure involves the
cooperative and coordinated efforts of all the
departments
 A LOOK AT THE FUTURE !!
Outsourcing everything

An industrial army of robots

What‟s in the box

Unloading zones

Have it your way

Main street chain store

Personalized recommendations

				
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