Scope of Production Management‚ Functions of Production Management‚ Production Systems‚ responsibilities of Production manager. Production Planning & Control (PPC)‚ Objectives of PPC. PM – Introduction Production Management (PM) is about the transformation of production and operational inputs into "outputs" that‚ when distributed‚ meet the needs of customers. The Subject of Production Management is studied under different Headings-such as Production Planning and control‚ Production and Inventory
Premium Management Planning
MS 403 Engineering Entrepreneurship Case Study: Electric Two-wheelers: Suzhou‚ China versus India Sumit Deshmukh Prashant Patel For the present case study‚ we have taken 2 generic products – TVS Scooty Pep+ - a petrol powered bike and Hero Electric E-Sprint - an electrical 2 wheeler for quantitative cost analysis. Market prices and power rating of these bikes are comparable and hence gives us a more realistic account. TVS Scooty Pep Cost (Rs.) Max. Speed (kmph) km/unit Fuel price/unit
Premium Marketing
any business organisation‚ achievement of efficiency in production or cost minimisation for a given production activity appear to be one of the prime concern of the managers In the manager’s effort to minimise production costs‚ the fundamental questions he or she faces are: (f) How can production be optimized or costs minimised? (g) What will be the beaviour of output as inputs increase? (h) How does technology help in reducing production costs? (i) How can the least-cost combination of inputs
Premium Economics Output Economics of production
Factors of Production Factors of production are resources necessary to produce goods and services. There are four factors of production. The factors of production include natural resources‚ labor‚ capital‚ and entrepreneur. These factors of production are very important to our economy. Firstly‚ natural resources are “gifts of nature” that make production possible. One example of a natural resource is a tree to produce paper. Natural resources include actual surface land and water. They also
Premium Factors of production Resource Entrepreneur
Production Cycle The production cycle is a set of business activities and data processing operations associated with the manufacturing of products. Louwers (2007) points out that “the production cycle is closely linked to the acquisition cycle in which goods and services are purchased and to the revenue cycle in which the inventory is sold (p. 328). As products cycle through the stages from raw goods all the way through finished goods‚ the production cycle is concerned with how to account for
Premium Supply chain management terms Manufacturing
workers‟ experience of the employment relationship‚ have encountered a difficult challenge. The high performance model is seen by a number of practitioners and researchers as the latest attempt to construct an alternative to Taylorism and lean production. Advocates of the high performance workplace (HPW) argue that it places greater emphasis on skill acquisition‚ opportunities to utilise skills‚ employee involvement and influence than lean work places. Appelbaum et al. (2000)‚ in their US-based
Premium Lean manufacturing Manufacturing
Sakib Khan Electric Eels – Physics The animal that is usually known as electric eel is in fact not really an eel but a freshwater species related more to the carp family or catfish family. These unique freshwater predators got their name from the immense electrical charge that they can easily generate to stun or even kill their preys and dissuade predators. Electric eels can grow extremely large which usually can reach as high as 8 foot long and weigh a great amount of 45lbs. In addition to this
Premium Electricity Electric current Fish
Production systems What is a production system? An apparel production system is an integration of material handling production process‚ personnel and the equipment that directs work flow and generates finished products. Different types of production systems are • Progressive bundle system • Unit production system • Modular production system Each system requires an appropriate management philosophy‚ materials handling methods‚ floor layout
Premium Lean manufacturing Toyota Production System Manufacturing
Definition: In economics‚ production is the act of creating output‚ a good or service which has value and contributes to the utility of individuals.[1] The act may or may not include factors of production other than labor. Any effort directed toward the realization of a desired product or service is a "productive" effort and the performance of such act is production. The relation between the amount of inputs used in production and the resulting amount of output is called the production function. Economics
Premium Economics
I. Introduction Production of Smoked Fish is a form of business. Its primary product is smoked fish (tinapa) which is with an exceptional variety of fish. The business offers not just the typical kind of smoked fish rather an smoked fish that would not just satisfy the appetite of the consumers but will also provide numerous benefits. The smoked fish they produced will offer several product with different kinds (bangus‚ tulingan‚ and buraao‚ ). The production will also have a salted egg and tomato
Premium Business Marketing Management