Production and Operations Management

Introduction to Production and Operations Management

Introduction to Production and Operations Management

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Production and Operations Management is the combination and transformation of resources into value-added products/services in a controlled manner adhering to organization policies. The management of manufacturing of certain products is termed Production Management while these management activities resulting in services management are termed Operations Management. Historical Perspective for Production and Operations Management Production and Operations […]

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Functions of Production Management

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Production management’s primary goal is to add value to the organization and its products. It ensures that the goods and services businesses provide to their customers are of high quality and meet their needs. Functions of Production Production management nowadays has a wide range of responsibilities. Selecting a product and its design A prerequisite for

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MANUFACTURING SECTOR AND SERVICE SECTOR

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The manufacturing and service sectors are two distinct categories representing different economic activities within an economy. These sectors play crucial roles in shaping the economy, generating employment, and contributing to the overall well-being of a nation. Manufacturing Sector Nature of Activities: The manufacturing sector involves the production of tangible goods through various processes, such as

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MODERN MANUFACTURING

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Modern manufacturing systems integrate a wide range of cutting-edge methodologies, technologies, and procedures with the goal of enhancing production process flexibility, quality, and sustainability. These systems have seen tremendous development over time and are still evolving to meet the demands of the market and new technical developments. Aspects of contemporary production systems include the following:

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MANUFACTURING SYSTEM

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The production system is the component of an organization that produces its products. It is the process of integrating and changing resources moving through a defined system under strict control to add value in accordance with management-communicated policies. The diagram above depicts a simplified production system. The following characteristics characterize the production system: Job Shop,

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PRODUCTION PROCESS

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Production involves combining inputs to produce valuable goods or services. Production management directs a company’s operations to provide desired services and products by organizing and managing processes. It is a system with interconnected components, subsystems, and claimants, requiring effective communication and response to external variables. Production management includes selecting products, processes, planning, control, inventory, cost, and quality management, and decision-making for efficiency and competitiveness.

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LARGE AND SMALL SCALE BUSINESSES

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Large-scale industries in India, with over ₹10 crore in fixed assets, drive economic growth through job creation and foreign reserve import. Small-scale industries, with limited machinery and personnel, play a vital role in India’s economy, contributing to employment, per capita income, and resource utilization. These locally-focused enterprises produce 40% of India’s goods and significantly impact export and social development.

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