Production management

Production Management-Introduction, Definition, Components, Objectives, Functions, Classification, Advantages and Limitations

1. manisha-01 poojitha-20 Production management

2. content Introduction Definition Components Objectives Functions Classification Advantages Limitations Conclusion

3. introduction it is the application of management principles to the production function. It involves planning, organizing, directing and controlling the production process. It deals with decision-making related to production process.

4. Definition According to e.s.buffa “production management deals with decision-making related to production processes so that the resulting goods and services are produced according to specifications, in the amount and the schedule demanded and out of minimum cost.

5. Components of production Inputs: Men Materials Machines Information Capital Transformation Process: Product Design Process Planning Production Control Maintenance Outputs: Products Services Continuous: Inventory Quality Cost

6. Objectives of production management Right quality Right quantity Right time Right manufacturing cost

7. Functions of production management Selection of product and design Production planning Production control Quality and cost control Inventory control

8. Advantages of production management Benefits to the consumers Benefits to the investors Benefits to the employees Benefits to the suppliers Benefits to the nation

9. Limitations of production management breakdown of one machine may effect the entire production line. Product differentiation is limited. Higher cost due to frequent setup changes. Production planning is complicated.

10. conclusion Production management is a part of general management and it performs planning, organizing, controlling the production process by the affecting human behaviour through different mathematical and quantitative models in decision-making.

11. Thank you