importance of production_management_system

May 29th, 2015
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Abraham Lincoln University
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Production is the basic activity of all the Industrial Units. All other functions revolve around this function. An enterprise can succeed in achieving its organisational goals if the production function is managed with great care and accuracy.

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PRODUCTION MANAGEMENTINTRODUCTIONThere are four functional areas in a business organisation:i) Productionii) Marketingiii) Financeiv) PersonnelProduction is the basic activity of all the Industrial Units. All other functions revolve around this function.An enterprise can succeed in achieving its organisational goals if the production function is managed with great care and accuracy.MEANING OF PRODUCTION MANAGEMENTProduction is the creation of goods and services. The production is nothing but the step by step conversion of one form of materials into another through chemical or mechanical processing. The basic inputs of the production process are:MenMachinePlantServicesMethodsThe manufacturing and services organisations are now considered as part of production management. So production management is also known as operations management.Banks, hospitals, transportation, farming, warehousing etc. providing services are covered by operations management.DefinitionProduction management deals with decision making related to production processes so that the resulting goods or service is produced according to specifications, in the amounts and by the schedule demanded and at minimum costFrom the definition we can say easily that production management involves:i) Decision makingii) Decisions relate to conversion of raw materials into finished productsiii) Production should be as per specification and as per schedule and at the minimum cost.DIFFERENT AS

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