thinks to do for production_management_system

May 29th, 2015
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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 NotesOnProduction ManagementByDr. Vineet WaliaDr. Pradeep TomarProduction Management Unit 1Question 1 Define and explain Production & Operation Management and What do you understand by concept of Product Management ?orQuestion - 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 managementis an organizational lifecycle function within a company dealing with the planning or forecasting or marketing of a product or products at all stages of theproduct lifecycle.Product development(inbound-focused) andproduct 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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