Introduction to Planning and Control

Jun 28th, 2015
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Abilene Christian University
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After taking decisions about the type of business, its location, layout etc. the entrepreneur steps into the shoe of production manager and attempts to apply managerial principles to the production function in an enterprise.

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LESSON 8PRODUCTION PLANNING ANDCONTROLAbha KumarSTRUCTURE8.08.18.28.38.4IntroductionObjectivesProduction managementProduct designDesign of production system8.4.1 Types of production system8.5 Manufacturing process8.5.1 Types of manufacturing process8.5.2 Factors affecting the choice of manufacturing process8.6 Production planning and control8.6.1 Benefits to small entrepreneur8.6.2 Steps of production planning and control8.7 Summary8.8 Glossary8.9 Self-Assessment Questions8.10 Further Readings8.0 INTRODUCTIONAfter taking decisions about the type of business, its location, layout etc. theentrepreneur steps into the shoe of production manager and attempts to applymanagerial principles to the production function in an enterprise.Production is a process whereby raw material is converted into semi finishedproducts and thereby adds to the value of utility of products, which can bemeasured as the difference between the value of inputs and value of outputs.Production function encompasses the activities of procurement, allocation andutilization of resources. The main objective of production function is to producethe goods and services demanded by the customers in the most efficient andeconomical way. Therefore efficient management of the production function is ofutmost importance in order to achieve this objective.1148.1 OBJECTIVESAfter studying this lesson, you should be able toDescribe the production function an

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