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thinks to do for production_management_system

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Question Notes
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Production Management
By
Dr. Vineet Walia
Dr. Pradeep Tomar

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Production Management
Unit 1
Question 1 Define and explain Production & Operation Management and What do
you understand by concept of Product Management ?
or
Question - 2. Explain the concept of production and evaluation of production
Management. How does a production management contribute to the growth of an
organisation? (dec 2010)
Ans. Production is an intentional act of producing something in an organized manner.It is the
fabrication of a physical object through he use of men, material and some function which has
some utility e.g. repair of an automobile, legal advice to a client, banks, hotels, transport
companies etc. Thus irrespective of the nature of organization, production is some act of
transformation, i.e. inputs are processed and transformed into some output. The main inputs
are information, management, material, land, labour and capital. Fig. shown below explains the
production process of an organization.
Product management is an organizational lifecycle function within a company dealing with
the planning or forecasting or marketing of a product or products at all stages of the product
lifecycle.
Product development (inbound-focused) and product marketing (outbound-focused) are
different yet complementary efforts with the objective of maximizing sales revenues, market
share, and profit margins. The role of product management spans many activities from
strategic to tactical and varies based on the organizational structure of the company. Product
management can be a function separate on its own and a member of marketing or engineering.

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Question Notes On Production Management By Dr. Vineet Walia Dr. Pradeep Tomar Production Management Unit – 1 Question – 1 Define and explain Production & Operation Management and What do you understand by concept of Product Management ? or Question - 2. Explain the concept of production and evaluation of production Management. How does a production management contribute to the growth of an organisation? (dec 2010) Ans. Production is an intentional act of producing something in an organized manner.It is the fabrication of a physical object through he use of men, material and some function which has some utility e.g. repair of an automobile, legal advice to a client, banks, hotels, transport companies etc. Thus irrespective of the nature of organization, production is some act of transformation, i.e. inputs are processed and transformed into some output. The main inputs are information, management, material, land, labour and capital. Fig. shown below explains the production process of an organization. Product management is an organizational lifecycle function within a company dealing with the planning or forecasting or marketing of a product or products at all stages of the product lifecycle. Product development (inbound-focused) and product marketing (outbound-focused) are different yet complementary efforts with the objective of maximizing sales revenues, market share, and profit margins. The role of product management ...
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Awesome! Perfect study aid.

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