Objectives of Production Management : INTRO TO CAPM
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Mar 13, 2024
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About This Presentation
1. Right Quality:
The quality of the product is established based on the customer needs in the market. The right quality is not necessarily the best quality of the product. It is determined by the cost of the product and the technical characteristics as suited to the specific requirements of the cus...
1. Right Quality:
The quality of the product is established based on the customer needs in the market. The right quality is not necessarily the best quality of the product. It is determined by the cost of the product and the technical characteristics as suited to the specific requirements of the customers in the market environment.
2. Right Quantity:�The manufacturing organization should produce the products in the right number. If they are produced more than demand the capital will block up in the form of inventory and if the quantity is produced in short of demand, leads to a shortage of products.
3. Right Time:�Timeliness of delivery of the product to the consumer or wholesaler is one of the critical parameters to judge the effectiveness of the production department. So, the production department has to make the optimal utilization of input resources to achieve its desired objectives.
4. Right Manufacturing Cost:�Manufacturing costs are incurred before the product is manufactured and released into the market. Hence, all attempts should be made to the duce the products at a pre-established cost, to reduce the variation between the actual and the standard (pre-established) cost.
Size: 1.08 MB
Language: en
Added: Mar 13, 2024
Slides: 15 pages
Slide Content
Computer-Aided Production Management ( CAPM) Ts. Dr Siti Norhafiza Abdul Razak
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Why are we studying this this subject? Intended to monitor and controls the organization, production and material requirements required in the manufacture of the final product. This subject will provide students with the knowledge related to industrial environment such as shop floor simulation, analyze and enhance the flow of value stream in a production house
2010-today 1901-2009 1801-1900 1700-1800 This was when machines powered by steam engines, like the steam locomotive and textile mills, transformed manual labor and made production more efficient. IR 1.0 - The First Industrial Revolution (Late 18th Century ): IR 2.0 - The Second Industrial Revolution (Late 19th Century): This period saw the rise of electricity, the internal combustion engine,and the development of mass production techniques, such as assembly lines. IR 3.0 - The Third Industrial Revolution (Late 20th Century ): Often referred to as the Digital Revolution, this phase involved the use of computers, electronics, and automation in industries. IR 4.0 - The Fourth Industrial Revolution (2010s Onward): This ongoing phase involves the fusion of digital technologies (like artificial intelligence, big data, and the Internet of Things) with physical systems.
Assessment Type Assessment Method Assessment Weighting Coursework Online test (CLO1) Online test (CLO1) Practical test (CLO2) Project presentation via video (CLO3) Project report (CLO3) 15 % 15 % 30 % 10 % 30 % Course Assessment
FIB42003 CAPM Assessment Distribution
Objectives of Production Management 1. Right Quality: The quality of the product is established based on the customer needs in the market. The right quality is not necessarily the best quality of the product. It is determined by the cost of the product and the technical characteristics as suited to the specific requirements of the customers in the market environment . 2. Right Quantity: The manufacturing organization should produce the products in the right number. If they are produced more than demand the capital will block up in the form of inventory and if the quantity is produced in short of demand, leads to a shortage of products . 3. Right Time: Timeliness of delivery of the product to the consumer or wholesaler is one of the critical parameters to judge the effectiveness of the production department. So, the production department has to make the optimal utilization of input resources to achieve its desired objectives . 4. Right Manufacturing Cost: Manufacturing costs are incurred before the product is manufactured and released into the market. Hence, all attempts should be made to the duce the products at a pre-established cost, to reduce the variation between the actual and the standard (pre-established) cost.
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