Objectives of Production Management

Objectives of Production Management

Objectives are the foundation of production management without which the production cannot get completed. Production management deals with decision-making related to production processes so that the resulting goods or service is produced according to specification, in the amount and by the schedule demanded, and at minimum cost.

Definition

“The set of interrelated management activities, which are involved in manufacturing certain products, is called Production Management.

“Production management deals with decision-making related to production processes so that the resulting goods or service is produced according to specification, in the amount and by the schedule demanded and at minimum cost.”

 

1. Right Quality

The quality of the product is a very important parameter for every organization without quality the product cannot establish itself in the competitive market. Today’s market is a buyer’s market so one has to be very conscious about the quality aspect.

2. Right Quantity

 The manufacturing organization should always be in the position to produce the product in the right number to the required quantity to satisfy the customer’s needs

3) Right Time

The time factor is very important in business timeliness of delivery is an important parameter as it judges the effectiveness of the production department.

4) Right Manufacturing Cost

Manufacturing cost is established before the product is actually manufactured because it can be a major distinguishing feature of the product.

A production is an intentional act of producing something in an organized manner. It is the fabrication of a physical object through the use of men, material, and some function that has some utility e.g. repair of an automobile, legal advice to a client, banks, hotels, transport companies, etc. The main inputs are information, management, material, land, labor, and capital.

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MBA TUTS TEAM: Founder & Author of MBA Tuts is Sneha S.Dumbali. Academically She has Qualified B.B.A & M.B.A with Specialization in Human Resource Management And Marketing. Formerly She has Worked as M.B.A department Incharge and Full-time lecturer for M.B.A and Guest lecturer for various courses like B.C.A, C.A, C.S, Soft Skill Development,
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