The production management objective will be based on the vision mission and objectives of the company and to meet its goal to make a profit.
Planning, implementation, and control of industrial production processes to ensure smooth and efficient operation. Production management techniques are used in both manufacturing and service industries. Production management responsibilities include the traditional "five M's": men and women, machines, methods, materials, and money. Managers are expected to maintain an efficient production process with a workforce that can readily adapt to new equipment and schedules. They may use industrial engineering methods, such as time-and-motion studies, to design efficient work methods. They are responsible for managing both physical (raw) materials and information materials (paperwork or electronic documentation). Of their duties involving money, inventory control is the most important. This involves tracking all component parts, work in process, finished goods, packaging materials, and general supplies. The production cycle requires that sales, financial, engineering, and planning departments exchange information-such as sales forecasts, inventory levels, and budgets-until detailed production orders are dispatched by a production-control division. Managers must also monitor operations to ensure that planned output levels, cost levels, and quality objectives are met. See also productivity.
The nature and scope of manufacturing management is used for purposes of production, This will include all the stages of production up to the point where the product is ready for the consumer.
Production management is the planning, forecasting, or marketing of a product at all stages of the product's lifecycle. Operations management is overseeing, designing, and controlling the process of production.
production and operation management function
Production management involves planning, organizing, leading, and controlling the activities involved in manufacturing a product or offering a service. It aims to efficiently utilize resources to meet production goals, ensure quality, and deliver products or services on time. The scope of production management includes production planning, process design, production control, inventory management, and quality control.
The production function in management needs the keen division of labor and monitoring of inputs. Production relates to other functions which include design, process management, storage and transportation.
production marketing finance human resources management
scope of bank cash management
The fundamentals of management will provide a set of functions which will be used in utilization of resources. This is what promotes efficient and effective production in an organization.
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