Define Production and Operations Management

May 29th, 2015
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INTRODUCTION Production is a formal activity that adds value to goods and services, including creation, transport, and warehousing until used. Production is an organized process with specific goals. It implies the creation of a utility or services.

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INTRODUCTIONProduction is a formal activity that adds value to goods and services, including creation, transport, and warehousing until used. Production is an organized process with specific goals. It implies the creation of a utility or services.Operation is that part of as organization, which is concerned with the transformation of a range of inputs into the required output (services) having the requisite quality level. Production functionis the part of an organisation, which is concerned with the transformation of a range of inputs into the required outputs (products) having the requisite quality level.Productionis defined as the step-by-step conversion of one form of material into another form through chemical or mechanical process to create or enhance the utility of the product to the user. Thus production is a value addition process. At each stage of processing, there will be valueaddition.In any production function 3 basic factors will be thereInputTransformationOutputA series of sequential activities and operations, which are indispensable in transforming material from a given form to a desired form, indicates production.Edwood Buffa defines production asa process by which goods and services are created. Some examples of production are: manufacturing custom-made products like, boilers with a specific capacity, constructing flats, some structural fabrication works for selected customers, etc., and manufacturing standardized produc

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