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importance of production_management_system

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Que 03 The make-or-buy decision is the act of making a strategic choice between producing an item internally (in-house) or buying it
externally (from an outside supplier). The buy side of the decision also is referred to as outsourcing. Make-or-buy decisions usually
arise when a firm that has developed a product or partor significantly modified a product or partis having trouble with current
suppliers, or has diminishing capacity or changing demand.
Make-or-buy analysis is conducted at the strategic and operational level. Obviously, the strategic level is the more long-range of the
two. Variables considered at the strategic level include analysis of the future, as well as the current environment. Issues like
government regulation, competing firms, and market trends all have a strategic impact on the make-or-buy decision. Of course, firms
should make items that reinforce or are in-line with their core competencies. These are areas in which the firm is strongest and which
give the firm a competitive advantage.
Que 01 Production Scheduling is the process of generating “to-do” lists or dispatch lists for the shop floor. As part of a larger planning
and scheduling process, production scheduling is essential for the proper functioning of a manufacturing enterprise.
Production scheduling is the allocation of resources and the sequencing of tasks to produce goods and services. Production
scheduling specifies the time each job starts and completes on each machine, as well as any additional resources needed.
Que 04 Route Sheet
a document accounting for the output of production and tracing the sequence of operations of a batch of manufactured
components. The route sheet is used in serial and especially individual production to show the workers’ output, calculate the wages
of the workers, and exercise operative super-vision of the movement of parts in production. The route sheet accompanies the
batch of components in all manufacturing operations to aid in supervising the observance of technological discipline and the
preservation of all elements. Thus the route sheet combines the features of a managing and an accounting document, since it
contains standardized data (such as time standards and cost) and information about the actual movement of the manufactured
components and about the workers’ output in each operation. The route sheet has played a more important role since the
introduction of automatic production control and of the use of network schedules.
Que 02 The Production Process
The production process refers to the stages (phases) required to complete a media product, from the idea to the final master copy.
The process can apply to any type of media production including film, video, television and audio recording. The stages in each
medium vary; for example, there is obviously no storyboard in an audio recording. However the same general concepts work for
any medium.
Que 05 Value Analysis is an effective tool for cost reduction and the results accomplished are far greater. It improves the
effectiveness of work that has been conventionally performed as it questions and probes into the very purpose,
design, method of manufacture, etc., of the product with a view to pinpointing unnecessary costs, obvious and hidden which can
be eliminated without adversely affecting quality, efficiency, safety and other customer features.
Value engineering is the term applied to value analysis done the design and prototype stage of a product. The potentials of saving
are a more in case value analysis is done at design stage. Other advantages is that any changes at this stage are less costly than to
effect the same at a latter stage, when the production is in full swing. There are a few limitations however on value engineering
work. At the design and proto-type stage, the time is rather short
since a company wants to put a new product in the market before any of its competitors can set in and value engineering will have
a very short time to apply their techniques. Evaluation of the value at this stage becomes difficult in absence of any customer
reaction and opinion.
Que 06 Productivity of an organization is defined as the ratio of outputs produced by the organization and the resources consumed
in the process.
Here the output refers to the quantity of goods and services produced by the company, and inputs refers to the quantities of
resources such as labor, material, physical facilities, and energy consumed for producing the same.
Productivity is used to assess the extent to which certain outputs can be extracted from a given input. We can measure productivity
for a single input resource such as manpower used, or for multiple resources. There can be many different types of productivity
measurement depending on the type of resources considered.
Que 07 Codification is a process in which laws are organized in a logical way. Governments are continually adding to the law and
amending existing laws. This means that viewing laws purely chronologically could quickly become daunting, especially in countries

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Que 03 The make-or-buy decision is the act of making a strategic choice between producing an item internally (in-house) or buying it externally (from an outside supplier). The buy side of the decision also is referred to as outsourcing. Make-or-buy decisions usually arise when a firm that has developed a product or part—or significantly modified a product or part—is having trouble with current suppliers, or has diminishing capacity or changing demand. Make-or-buy analysis is conducted at the strategic and operational level. Obviously, the strategic level is the more long-range of the tw ...
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