Flashcards
Production management
Cards in this deck (28)
- 1History of Production management1. industrial revolution
2. post civil war period
3. scientific management
4. human relations movement
5. operation research
6. service revolution
7. computer revolution
8. e commerce
9. supply chain management
10. globalization - 2objectives of production management1. right quality
2. right quantity
3. right time
4. pre established cost
5. machinery, materials, manpower, manufacturing services - 3scope of production management1. activities connected to design of production system
2. activities related to analysis and control
3. production planning
4. production control
5. quality control - 4importance of technology in production1. automates process
2. streamlines processes
3. generates consistent results
4. fosters a safe workplace
5. reduces cost
6. maximises throughput
7. data driven forecasting - 5functions of production managementproduction planning production control quality control purchasing manufacturing inventory control material handling work measurement other functions real engineering plant engineering
- 6factors affecting production managementglobal competition quality customer service cost challenges changes and advancement in technology increase in the market share shortage of raw materials problems of social responsibility
- 7importance of production managementconsumer investors employees suppliers community Nations organization
- 8problems of production managementproblem of location of plant problem of product designing problem of quality control problem of labour control problem of cost control
- 9types of production systemintermittent - job shopz batch, projects
continuous - continuous flow (analytical, synthetical), assembly line , mass production - 10types of planscapacity plan, master product schedule, manufacturing resource planning, scheduling
- 11elements of prod planningestimating, routing, scheduling, loading
- 12strategy of prod planningmake to stock, make to order, assemble to order
- 13phases of ppcplanning phase — pre planning
product development, production design, forecasting, mrp
action planning-
process planning
routing scheduling loading tool and material planning
action phase— dispatching
control phase — progress report and corrective action - 14functions of ppcproduction planning - routing scheduling loading
production control - dispatching, follow up, inspection - 15importance of ppcincrease in productivity, better quality, customer satisfaction, opt utilisation of resources, minimum overtime, better profits
- 16limitationsrigidity in employee behaviour, external environment factors, costly process, assumptions
- 17types of aggregate planningdemand chase/ matching strategy
level aggregate - 18qualitative techniques of forecastingconsumer survey, Delphi technique, nominal group, sales force opinion, executive opinion, past analogy
- 19quantitativelinear regression, time series analysis, trend projection, econometric model
- 20advantages of intermittent prod planningvariety at low cost, high capacity utilisation, staff advantages
- 21disadvantagescomplex operations planning and control, more costly for high volumes, large in process inventory
- 22advantages of continuous prod systemlow unit cost, low operator skills, simple managerial control
- 23disadvantagesdifficult to adopt, possibly of stoppage, balancing the line, high initial cost
- 24purpose of sales forecastto set sales target
to control inventory
to regulate manpower requirement
to decide plan capacity
to form budgets
to predict expenses
to communicate the amount of work - 25laws of forecastingshort term forecasts are more accurate
inaccurate forecasts
forecasts of group of goods are more accurate
forecasts are no substitutes to calculated values - 26elements of forecastinginternal factors- org structure , past records, financial resources
external -
controllable - relationship with customer and suppliers, production techniques
non controllable- government laws, monetory fiscal policy - 27importance of forecastprod planning
sales forecast
control of business
inventory control
stability - 28objectivesshort term objectives
long term objectives
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- Business/Economics Flashcards on Production management , created by Shayra Fatima on 24/02/2023.
- Created by
- Shayra Fatima · Feb 2023
- Updated
- Mar 2, 2023
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