PRODUCTION MANAGEMENT
ELEMENTS OF PRODUCTION MANAGEMENT
Introduction:
Production management is one of the traditional functional areas of
business. Other areas include sales and marketing, Accounting and finance
personnel, purchasing etc. It requires a special concentration of manager to
make a good decision. Production is simply deals with the creation of wealth.
It involves the process of transforming or converting inputs resources or raw
materials into finished goods or products (outputs) that are desired by
consumers.
Definition of Production Management.
Production is the creation of goods and services.
What is production Management?
Production management is therefore concerned with managing the physical
materials and human resource that are required in the production process of
an organization to achieve set up goals.
Production Management can be defined as coordination of all set of activities
that create value in the form of goods and services by transforming inputs
into outputs. This coordination involve resources planning, input
transformation or conversion of raw materials and ensuring that the outputs
are in according to customer’s specification.
Production management, according to Gavett (1968) deals with the complex
system of men machines, materials and structure that are design to produce
a product / service of economic value to the society. Its role can be seen in
the formulation of production regarding what, where and how many to
produce.
Production management also makes decision concerning manpower, money,
machinery and materials. It is therefore the work of the production manager
, to make necessary decisions in transformation of inputs into sale able
outputs.
Concepts of Production
The production concept is one of the oldest working concepts in business.
(Kotler 2004).The concept holds the believe that consumers will accept
widely available and inexpensive products or services product from the
organization. Production Managers must work toward this orientation to
achieve greater objectives, they must concentrate on achieving high
production efficiency, low costs, and mass-distribution. Mostly, the concept is
very useful and it makes sense in the developing countries Like Nigeria.
Objectives of Production and Operations Management
Production management aims to achieve the following objective.
1. Functional Objective:-. This is the objective that deals with utility. In this
case, the operations will ensure that the production activities yielded the
expected result. Also, standard and decisions to be taken are in accordance
to the expected result. That is the good and services meet with the quality
and functional expectations of the consumers.
2. Value Objective:
Production management aims to improve organizational profitability and
enhance its service to society.
3. Other objectives like maintenance of stable employment. Production
management also ensures stable employment and continuity.
Roles of the Production Manager
i. To advise the Top management on the type of production that will
be profitable to the company.
ii. Setting out formal structures (organizing) of the effective conversion of
raw materials into finished goods and services as agreed upon by the owner
of the company.
ELEMENTS OF PRODUCTION MANAGEMENT
Introduction:
Production management is one of the traditional functional areas of
business. Other areas include sales and marketing, Accounting and finance
personnel, purchasing etc. It requires a special concentration of manager to
make a good decision. Production is simply deals with the creation of wealth.
It involves the process of transforming or converting inputs resources or raw
materials into finished goods or products (outputs) that are desired by
consumers.
Definition of Production Management.
Production is the creation of goods and services.
What is production Management?
Production management is therefore concerned with managing the physical
materials and human resource that are required in the production process of
an organization to achieve set up goals.
Production Management can be defined as coordination of all set of activities
that create value in the form of goods and services by transforming inputs
into outputs. This coordination involve resources planning, input
transformation or conversion of raw materials and ensuring that the outputs
are in according to customer’s specification.
Production management, according to Gavett (1968) deals with the complex
system of men machines, materials and structure that are design to produce
a product / service of economic value to the society. Its role can be seen in
the formulation of production regarding what, where and how many to
produce.
Production management also makes decision concerning manpower, money,
machinery and materials. It is therefore the work of the production manager
, to make necessary decisions in transformation of inputs into sale able
outputs.
Concepts of Production
The production concept is one of the oldest working concepts in business.
(Kotler 2004).The concept holds the believe that consumers will accept
widely available and inexpensive products or services product from the
organization. Production Managers must work toward this orientation to
achieve greater objectives, they must concentrate on achieving high
production efficiency, low costs, and mass-distribution. Mostly, the concept is
very useful and it makes sense in the developing countries Like Nigeria.
Objectives of Production and Operations Management
Production management aims to achieve the following objective.
1. Functional Objective:-. This is the objective that deals with utility. In this
case, the operations will ensure that the production activities yielded the
expected result. Also, standard and decisions to be taken are in accordance
to the expected result. That is the good and services meet with the quality
and functional expectations of the consumers.
2. Value Objective:
Production management aims to improve organizational profitability and
enhance its service to society.
3. Other objectives like maintenance of stable employment. Production
management also ensures stable employment and continuity.
Roles of the Production Manager
i. To advise the Top management on the type of production that will
be profitable to the company.
ii. Setting out formal structures (organizing) of the effective conversion of
raw materials into finished goods and services as agreed upon by the owner
of the company.
