EVERY ORGANIZATION HAS A PRODUCTION FUNCTION WHERE IT IS CALLED PRODUCTION OR OPERATIONS
THOSE ACTIVITEIES WHICH IS CONCERNED WITH THE ACQUISTION OF RAW MATERIALS,THEIR CONVERSION INTO FINISHED PRODUCT,AND THE SUPPLY OF THE FINISHED PRODUCT TO THE CUSTOMER
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Production management
2. INTRODUCTION
EVERY ORGANIZATION HAS A PRODUCTION FUNCTION WHERE
IT IS CALLED PRODUCTION OR OPERATIONS
THOSE ACTIVITEIES WHICH IS CONCERNED WITH THE
ACQUISTION OF RAW MATERIALS,THEIR CONVERSION INTO
FINISHED PRODUCT,AND THE SUPPLY OF THE FINISHED
PRODUCT TO THE CUSTOMER
3. ANOTHER WAY TO THINK ABOUT OPERATION IS THAT AN
OPERATION IS WHAT THE COMPANY DOES.TO IDENTIFY THE
ROLE OF OPERATIONS WITH AN INDIVIDUAL ORGANIZATION
ASK THE QUESTION, what do you do? AMAZON.COM
MIGHT ANSWER THAT QUESTION WITH WE SELL BOOKS
AND OTHER GOODS ONLINE. what do you mean? ISNT
SELLING DIFFERENT FROM OPERATIONS? IN THIS CASE NO.
BECAUSE HERE SELLING INVOLVES THE OPERATION OF
TRANSFERRING OF OWNERSHIP OF PRODUCTS FROM
RETAILER TO THE BUYER
4. MEANING & DEFINATION
PRODUCTION MANAGEMENT IS THE PROCESS OF EFFECTIVE
PLANNING AND REGULATING THE OPERATIONS OF THAT
SECTION OF AN ENTERPRISE WHICH IS RESPONSIBLE FOR
THE ACTUAL TRANSFORMATION OF MATERIALS INTO
FINISHED PRODUCTS
MANAGEMENT DEALS WITH DECISION-MAKING RELATED
TO THE PRODUCTION PROCESS.SO THAT THE RESULTING
GOODS AND SERVICES ARE PRODUCES IN AN
ACCORDANCE WITH THE QUANTITATIVE SPECIFICATIONS
AND DEMAND SCHEDULE WITH MINIMUM COST
5. SPECIFICATION AND PROCUREMENT ON INPUT RESOURCES
NAMELY MANAGEMENT,MATERIAL,LAND AND
LABOUR,EQUIPMENT AND CAPITAL
SUPERVISON AND CONTROL OF TRANSFORMATION PROCESS
FOR EFFICIENT PRODUCTION GOODS AND SERVICES