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Production management involves key decisions such as what product to make (product design), how to make it (process planning), how much to produce (capacity planning), and when to produce (scheduling). It also includes maintaining quality (quality control), managing raw materials and stock (inventory management), deciding the best location and layout for production (facility planning), and keeping production costs under control (cost control). These decisions ensure smooth, efficient, and cost-effective operations.

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IIBMS Mumbai

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3w ago

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