In Production Management Course we study about the Roles and responsibility of the manufacturing company,Mangers, clients requirement, Selection of products. How Project Manager handled any project. It is important for any company to maintain manufacture quality of products and satisfy customers at every moments.What is Production?
Production is the technique of turning raw material into finished products in a manufacturing process. Hence Initial purpose of economic activity is to give utility for individuals. Business Organizations are the necessary components of economics’ system.What is productivity?
Productivity is the relationship between the input and output of any business systems. It is alos defined as the ratio of aggregate output to the input is known as productivity.
Productivity = output/Input
Some of the importance of productivity are mentioned below: -
The production systems of any organization generally use facilities equipment’s and operation methods to gives goods that satisfy customer’s demand. The requirements of production system rely on the kinds of product that company offers and planning that it employs to service its stakeholders or customers.
It is the administration of business practices to make highest level of efficiency within a company. Operation Management related with converting labor and material into goods and services as more efficiency as possible to maximize the gain of the company.Some Key of Operation Management are follows below: -
Operations managers has power to manage all the activities in the company and they engage in daily activities of materials management which encompasses the activities of buying and work scheduling and inventory control.Purchasing and supplier Selection
It is the process of acquiring the materials and services to use in development is known as purchasing. Some of the main question occurred in the purchasing are:
These all the question occurred while there is name of purchasing of products. Getting the answer of the above question and making right selection, the process is called as supplier selection which is responsibility of operations management.Inventory control
Many of the manufactures have since learned that to remain competitive they reqires to manage inventories more effectively and this task need to strike balance between the threats tp productivity. The process of striking this balance is known as inventory control and the companies continuously rely on various inventory control methods.Material requirement Planning
A software equipment called material requirement planning which depends on sales forecasts and ordering leads times for products to determine the quantity of each component part requires for production then calculate when they should be made. The role of materials is normally a list of different kinds that make up the end products and to place orders so that all things just in time for production.e- procurement
The various technology has changed the method of business purchasing. Through e-procurement organization use the internet to communicate with the suppliers. The way is common and similar to one you use to find consumer goods. The internet gives the extra benefits to purchasing managers by helping them to interact with potential supplier. They can use the internet to produce supplier requirement for parts and suppliers give them instruction on given idea by employers.
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