Production Management-Introduction, Definition, Components, Objectives, Functions, Classification, Advantages and Limitations

1. MANISHA-01
POOJITHA-20
PRODUCTION
MANAGEMENT

2. CONTENT
INTRODUCTION
DEFINITION
COMPONENTS
OBJECTIVES
FUNCTIONS
CLASSIFICATION
ADVANTAGES
LIMITATIONS
CONCLUSION

3. INTRODUCTION
IT IS THE APPLICATION OF MANAGEMENT
PRINCIPLES TO THE PRODUCTION FUNCTION.
IT INVOLVES PLANNING, ORGANIZING, DIRECTING
AND CONTROLLING THE PRODUCTION PROCESS.
IT DEALS WITH DECISION-MAKING RELATED TO
PRODUCTION PROCESS.

4. DEFINITION
ACCORDING TO E.S.BUFFA “PRODUCTION
MANAGEMENT DEALS WITH DECISION-MAKING
RELATED TO PRODUCTION PROCESSES SO THAT
THE RESULTING GOODS AND SERVICES ARE
PRODUCED ACCORDING TO SPECIFICATIONS, IN THE
AMOUNT AND THE SCHEDULE DEMANDED AND OUT
OF MINIMUM COST.

5. COMPONENTS OF
PRODUCTION
Inputs:
•Men
•Materials
•Machines
•Information
•Capital
Transformation
Process:
•Product Design
•Process Planning
•Production Control
•Maintenance
Outputs:
•Products
•Services
Continuous:
•Inventory
•Quality
•Cost

6. OBJECTIVES OF
PRODUCTION
MANAGEMENT
RIGHT QUALITY
RIGHT QUANTITY
RIGHT TIME
RIGHT MANUFACTURING COST

7. FUNCTIONS OF
PRODUCTION
MANAGEMENTSELECTION OF PRODUCT AND DESIGN
PRODUCTION PLANNING
PRODUCTION CONTROL
QUALITY AND COST CONTROL
INVENTORY CONTROL

8. ADVANTAGES OF
PRODUCTION
MANAGEMENTBENEFITS TO THE CONSUMERS
BENEFITS TO THE INVESTORS
BENEFITS TO THE EMPLOYEES
BENEFITS TO THE SUPPLIERS
BENEFITS TO THE NATION

9. LIMITATIONS OF
PRODUCTION
MANAGEMENTBREAKDOWN OF ONE MACHINE MAY EFFECT THE
ENTIRE PRODUCTION LINE.
PRODUCT DIFFERENTIATION IS LIMITED.
HIGHER COST DUE TO FREQUENT SETUP CHANGES.
PRODUCTION PLANNING IS COMPLICATED.

10. CONCLUSION
PRODUCTION MANAGEMENT IS A PART OF GENERAL
MANAGEMENT AND IT PERFORMS PLANNING,
ORGANIZING, CONTROLLING THE PRODUCTION
PROCESS BY THE AFFECTING HUMAN BEHAVIOUR
THROUGH DIFFERENT MATHEMATICAL AND
QUANTITATIVE MODELS IN DECISION-MAKING.

11. THANK
YOU