Distinguish Between Production Management and Production...

INTRODUCTION Production is a formal activity that adds value to goods and services, including creation, transport, and warehousing until used. Production is an organized process with specific goals. It implies the creation of a utility or services. Operation is that part of as organization, which is concerned with the transformation of a range of inputs into the required output (services) having the requisite quality level. Production function is ‘the part of an organisation, which is concerned with the transformation of a range of inputs into the required outputs (products) having the requisite quality level’. Production is defined as ‘the step-by-step conversion of one form of material into another form through chemical or mechanical†¦show more content†¦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 div ision. Managers must also monitor operations to ensure that planned output levels, cost levels, and quality objectives are met. Objectives of Production Management The objective of the production management is ‘to produce goods and services of Right Quality and Quantity at the Right time and Right manufacturing cost’. 1.Right Quality: The quality of product is established based upon the customers need. The right quality is not necessarily being the best quality. It is determined by the cost of the product and the technical characteristics as suited to the specific requirements.Show MoreRelatedProduction and Operations Management1511 Words   |  7 PagesBBA – 305 PRODUCTION OPERATION MANAGEMENT Model Questions based on Previous years Question Papers UNIT – I Qs. 1 : Explain the importance of Production Operation Management in current scenario. Why it has become an integral part of Business Education ? State with examples. 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