functional-Production_and_HR_Strategies.pptx

production and hr stategies

1. Production & Human Resource Strategies Detailed Overview with Examples

2. Production / Operations Strategy - Overview Relates to production system, operations planning & control, and logistics management. Determines what products/services to offer, which markets to serve, and how to serve them. Focuses on efficiency, quality, and customer satisfaction.

3. Key Elements of Production Strategy Production System: capacity, location, layout, product/service design, automation. Operations Planning & Control: aggregate planning, inventory, quality, cost management. Logistics Management: ensures right materials at right place, time, quality, cost. Supply Chain Management: integrates procurement, manufacturing, and distribution.

4. Example of Production Strategy Excel Industries: adopted vertical integration for import substitution. KSB Pumps Ltd: emphasized quality control, established Quality Assurance department. Result: improved efficiency, reduced costs, enhanced competitiveness.

5. Human Resource Strategy - Overview Supports and reflects corporate strategy. Focuses on acquiring, developing, motivating, and retaining talent. HR is seen as a source of competitive advantage through skills and culture.

6. Key Areas of HR Strategy Workforce Planning & Selection: recruitment and job analysis. Training & Development: continuous learning for competence. Performance Management: align employee goals with organizational strategy. Compensation & Motivation: pay and benefits tied to performance. Building culture, managing diversity, facilitating change, and empowerment.

7. Example of HR Strategy Google: focuses on employee engagement, perks, and continuous learning. Result: high innovation, strong retention, and motivated workforce.

8. Comparison: Production vs HR Strategy Production: Focus on processes, systems, quality, cost-efficiency, and customer satisfaction. HR: Focus on people, skills, culture, motivation, and competitive advantage. Both are interdependent and essential for effective strategy implementation.