Production management involves the job of coordinating and controlling the activities required to manufacture a product. Production planning and its control are the main functions of production management.
Production planning involves designing of
- Production facility
- Process of various stages of production
- Standards applicable to the production
- Job or production lot
- Data-flow
- Schedule of production and maintenance
The control part of the production management involves effective control of
- Quality
- Inventory
- Cost
- Process
Through production planning and control, the company should achieve the following:
- Production of goods and services of the right quality, right quantity, at the right time and at the minimum cost.
- Improvement in the productivity and efficiency.
- Full or optimum utilization of available production capacity.
- Bring together the 6M’s i.e. men, money, machines, materials, methods and markets to bring products to the market more quickly, to ensure customer satisfaction and to maintain its market share.
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