Production Management

ProductionManagement

Production management is the function of business which selects, designs, operates, controls and updates a production system.

production is the process of producing goods and services from raw materials and other resources.

Function of production management

1) Deciding the type of machines and process to be used for production 

2) Determining the right methods of production

3) Scheduling jobs and allocating resources

4) Setting standards,monitoring performance and comparing actual performance with set standards.

5) Revising the system as demand and organizational goals change.

Production planning and control is the direction and coordination of the firm's material and physical resources towards the attainment of pre-specified production goals in the most efficient way.

Objectives of production Planning

1) Ensure smooth coordination of production activities

2) To ensure efficiency of the plan

3) To ensure effective utilization of production

4) To ensure proper delivery schedules.

5) Ensure existence of adequate stock of raw materials, work in progress and finished products.

Types of production

• Job production or custom production: it is also called a "one-off" or make complete production. It consists of small scale production to meet customers' individual requirements. It involves the manufacture of a single complete unit by an operator or group of workers. It ensures that customer's specification is adhered to in the production of the goods. Example include aircraft,ship, bridge building.

• Batch production: It is the commonest type of production. It requires the division of production work into parts of operations and each operation is taken to an end throughout the whole batch before the next operation is commenced. Examples include production of electronic equipment, transformers etc.

• Flow production/ Mass production: It involves the continuous and progressive processing of materials. It is a production method which has no lost time. It eliminates non-producing time. Ie. as the work on a batch is completed to a stage, it is passed to the next stage without completing work on the whole batch. Examples: soft drink, beer, flour mills. textiles etc.