Production and operations management deals with managing the processes that transform inputs into finished goods and services. It aims to maximize efficiency and quality while minimizing costs. Key functions include production planning and control, scheduling, and quality control. Recent trends in manufacturing include increased automation through robotics, predictive maintenance using sensor data, digital twins for simulation, and smart, sustainable product design. The differences between production management and operations management relate mainly to their outputs - production focuses on goods, operations includes services. Both are important for meeting organizational objectives.
This document provides an overview of production and operations management. It discusses key topics such as:
- The definition and importance of production and operations management.
- The input-transformation-output model and how it defines the basic characteristics of production and operations management.
- The different types of inputs (transformed and transforming resources) and examples.
- The 5Ps (product, plant, process, people, and programs) that operations management revolves around.
- The differences between physical goods and services and how it impacts production decisions.
- The basic objectives and scope of production and operations management.
- Key production and operations management decisions at different levels and how they are interrelated.
Topic 1 & 2 operations mgt.doc hand out 1ALLEN NUWAMANYA
Ā
This document provides an overview of production and operations management. It discusses key topics such as:
- The definition and importance of production and operations management.
- The input-transformation-output model and how it defines the basic characteristics of production and operations management.
- The different types of inputs (transformed and transforming resources) and examples.
- The 5Ps (product, plant, process, people, and programs) that operations management revolves around.
- The scope and levels of production and operations management decisions within an organization.
- Competitive priorities like quality and cost that are directly related to productivity.
This ppt is informative for the concept of automated manufacturing and the concept of quality planning and analysis. The concept of quality culture is also involved.
The document discusses key concepts in production and operations management. It defines operations management as the conversion of inputs into outputs using resources to meet customer needs while achieving organizational goals. Production management is concerned with manufacturing goods through various transformation processes involving inputs like materials, labor, and machines. The functions of production management include selecting materials and methods, scheduling, routing, dispatching, and evaluating production performance.
Process excellence being efficient & effectiveSumit K Jha
Ā
This document discusses process excellence and how it can be applied holistically across an organization's key processes to improve efficiency and effectiveness. It provides examples of how processes in areas like product development, marketing, sales, finance, HR, outsourcing, and innovation can impact business performance if not managed effectively and efficiently. The document also introduces two common frameworks used for process excellence - Lean and Six Sigma. It notes that while these frameworks overlap, they differ in their underlying philosophies and both have been adopted by many global and Indian companies to improve processes.
Top 10 most important manufacturing performance indicators in 2019MRPeasy
Ā
mrpeasy.com
In manufacturing, there are many outside influencing factors, tracking the performance of an operation with KPI metrics means the difference between success and failure. Here are the most important manufacturing performance indicators.
The document discusses product design and service operations. It defines product design as concerned with a product's form and functions. The product design process involves concept development, product planning, engineering, and pilot production. It also discusses various aspects of product design like design for function, manufacture, and sales. The document also defines different types of service operations and strategies for scheduling service operations to meet demand fluctuations and customer needs.
This document provides an overview of production and operations management. It discusses key topics such as:
- The definition and importance of production and operations management.
- The input-transformation-output model and how it defines the basic characteristics of production and operations management.
- The different types of inputs (transformed and transforming resources) and examples.
- The 5Ps (product, plant, process, people, and programs) that operations management revolves around.
- The differences between physical goods and services and how it impacts production decisions.
- The basic objectives and scope of production and operations management.
- Key production and operations management decisions at different levels and how they are interrelated.
Topic 1 & 2 operations mgt.doc hand out 1ALLEN NUWAMANYA
Ā
This document provides an overview of production and operations management. It discusses key topics such as:
- The definition and importance of production and operations management.
- The input-transformation-output model and how it defines the basic characteristics of production and operations management.
- The different types of inputs (transformed and transforming resources) and examples.
- The 5Ps (product, plant, process, people, and programs) that operations management revolves around.
- The scope and levels of production and operations management decisions within an organization.
- Competitive priorities like quality and cost that are directly related to productivity.
This ppt is informative for the concept of automated manufacturing and the concept of quality planning and analysis. The concept of quality culture is also involved.
The document discusses key concepts in production and operations management. It defines operations management as the conversion of inputs into outputs using resources to meet customer needs while achieving organizational goals. Production management is concerned with manufacturing goods through various transformation processes involving inputs like materials, labor, and machines. The functions of production management include selecting materials and methods, scheduling, routing, dispatching, and evaluating production performance.
Process excellence being efficient & effectiveSumit K Jha
Ā
This document discusses process excellence and how it can be applied holistically across an organization's key processes to improve efficiency and effectiveness. It provides examples of how processes in areas like product development, marketing, sales, finance, HR, outsourcing, and innovation can impact business performance if not managed effectively and efficiently. The document also introduces two common frameworks used for process excellence - Lean and Six Sigma. It notes that while these frameworks overlap, they differ in their underlying philosophies and both have been adopted by many global and Indian companies to improve processes.
Top 10 most important manufacturing performance indicators in 2019MRPeasy
Ā
mrpeasy.com
In manufacturing, there are many outside influencing factors, tracking the performance of an operation with KPI metrics means the difference between success and failure. Here are the most important manufacturing performance indicators.
The document discusses product design and service operations. It defines product design as concerned with a product's form and functions. The product design process involves concept development, product planning, engineering, and pilot production. It also discusses various aspects of product design like design for function, manufacture, and sales. The document also defines different types of service operations and strategies for scheduling service operations to meet demand fluctuations and customer needs.
This document provides an overview of production and operations management. It defines production as the process of transforming inputs into outputs through a set of controlled activities. Operations management is responsible for planning, coordinating, and controlling resources to produce goods and services. The key activities in the production cycle are product design, planning and scheduling, production operations, and cost accounting. The production cycle involves information flowing from one activity to the next. Facility layout planning is important for arranging resources in a way that ensures smooth material flow and maximizes productivity. The main types of layouts discussed are process, product, fixed position, cellular manufacturing, and hybrid layouts.
āWorld class manufacturing and its implementation in indiaāakshay isai
Ā
This document provides an overview of world class manufacturing and its implementation in India. It discusses what world class manufacturing is, how it is implemented through various strategies and techniques. It also discusses India's manufacturing scenario, factors favoring manufacturing in India like its large domestic market and availability of low-cost skilled workers. It highlights how India is emerging as an outsourcing and exports hub for global manufacturers due to these advantages.
āWorld class manufacturing and its implementation in indiaāDipesh Vora
Ā
This document discusses world class manufacturing and its implementation in India. It defines world class manufacturing as demonstrating industry best practices in areas like quality, price, delivery speed, flexibility and innovation. Companies aim to maximize performance in these competitive priorities. The document outlines strategies adopted by world class manufacturers, such as lean production systems, just-in-time processes, and continuous improvement. It also provides an overview of India's manufacturing sector and compares it to China.
This document provides an overview of production and operations management topics for students pursuing a BBA degree from MGS University in Bikaner, India. It covers key POM concepts like different types of production systems, forecasting, capacity planning, plant layout, inventory management, quality management, and maintenance. The document also discusses the functions and scope of POM, relationships with other business functions, and differences between manufacturing and service operations. It is intended to help students with the theoretical concepts for their POM coursework.
This document provides an overview of production and operations management. It defines key terms like product, production, and management. It then discusses the objectives of production management which are effectiveness, efficiency, and customer satisfaction. The document outlines different types of production systems and how production and operations management aims to optimize the utilization of resources to meet organizational goals. It emphasizes that modern production management must serve multiple stakeholders, including customers, employees, and society.
This document provides an overview of production and operations management. It defines key terms like product, production, and management. It then defines production and operations management as the conversion of inputs into outputs using physical resources to provide utilities to customers while meeting organizational objectives. The objectives of production management are to produce the desired product specified by methods in an optimal way. An efficient production management department provides benefits to various stakeholders like consumers, investors, employees, suppliers, and the community/nation.
Lean manufacturing aims to eliminate waste and optimize efficiency. It was developed by Toyota and popularized by James Womack. The goal is to satisfy customers with quality products delivered quickly at low cost. Key aspects include just-in-time production, continuous improvement, and 5S techniques. Agile manufacturing focuses on flexibility and responsiveness to meet changing customer needs through modular design, information technology, partnerships, and a knowledge culture. Both approaches emphasize eliminating waste while delivering value to customers.
This document provides an overview of operations management. It defines operations management and discusses key concepts like the production system, transformation process, and differences between products and services. The document also covers the historical development and current issues in operations management, as well as operations strategy in manufacturing and services. It discusses functions of the operations management department like materials selection, methods, machines/equipment selection, estimating, loading/scheduling, routing, dispatching, expediting, inspection, and evaluation.
Production and operation management ppt @ bec doms bagalkot Babasab Patil
Ā
Production management involves understanding production systems and dynamics to achieve quality, productivity, delivery performance and customer satisfaction at low cost. Advanced methodologies like CAD, CIM, JIT and lean manufacturing help optimize production through integrated information systems. Operations management coordinates production activities like planning, scheduling and quality control to efficiently transform inputs into outputs. Strategic decisions consider strengths, weaknesses and the environment to formulate operations strategies to maximize competitiveness.
Operations management involves directing and controlling processes to transform inputs into products and services. It is a set of decisions made by operations managers regarding strategic, process, quality, capacity, location, and operating issues. Key decisions include determining strategic priorities, improving processes, establishing quality objectives, determining system capacity and layout, and coordinating supply chain and resource planning. Operations management aims to attract more customers than competitors through product/process expertise and quick delivery.
The document discusses various production and operations management concepts including:
1. The transformation process model which involves transforming inputs like labor, machines and materials into outputs like goods and services.
2. Why studying production and operations management is important as it accounts for a large portion of company costs.
3. The differences between service and manufacturing organizations and how their operations differ.
4. Key responsibilities of operations managers like planning, workforce management, and facility decisions.
The document discusses various contemporary trends in quality engineering and management, including Just-in-Time (JIT) manufacturing, Lean manufacturing, Agile manufacturing, World Class Manufacturing (WCM), Total Productive Maintenance (TPM), Benchmarking, Business Process Reengineering (BPR), and Six Sigma. It provides overview definitions and explanations of the key concepts and principles for each trend.
The document discusses production management and operations management. It covers several key topics:
1. Production management involves understanding production systems, identifying dynamics of the management process, using analytical tools, and achieving quality and productivity goals with lower costs.
2. Operations management deals with efficiently planning, scheduling, and controlling manufacturing and service organizations. It aims to optimize processes like material handling and inventory management.
3. Advanced methodologies like CAD, CIM, and order fulfillment systems help improve design, information sharing, throughput, and reduce indirect costs. Operations strategy formulation considers factors like quality, time, flexibility and strategic decision making.
The operations manager oversees all aspects of a company's production process including workflow, staffing, supply chain management, and financial oversight. They ensure production meets quality standards and is completed efficiently. For example, an HR operations manager creates the HR department budget, develops policies and training, monitors systems, and ensures legal compliance. Manufacturing produces physical goods while services are intangible. Services are produced on demand for customers while manufacturing maintains inventory. Manufacturing can automate production more than services which rely on labor.
Global Quality Workflow, The Transition from Manual to Automated Compliance P...Maetrics
Ā
The document summarizes a presentation on transitioning from manual to automated quality and compliance processes. It discusses defining workflow and automation, aligning the organization, gaining alignment, and return on investment. It provides examples of one company's journey to establish a quality culture, use standard models, implement master data management and capability maturity models, and realize increased sales and reduced working capital through improved quality. The presentation aims to help organizations define their aspirational state and determine a path to transition processes from manual to automated.
The document discusses design for quality and how to achieve it through various tools and processes. It explains that design translates customer requirements into a suitable form for production. Quality means meeting requirements and specifications. The most important aspect of design for quality is understanding customer requirements. Several tools are discussed for aiding the design process, including affinity diagrams, matrix diagrams, and quality function deployment. The overall goal of design for quality is to meet customer needs through all stages from research to production.
This document discusses production and operations management (POM). It defines POM as the management of direct resources, also called the 5 Ps - people, plant, parts, processes, and planning & control systems. POM lies at the heart of business activities and its ultimate objective is to produce a specified product on schedule at minimum cost. POM decisions are classified as strategic, operating, and control decisions. The document also discusses productivity measurement, factors affecting productivity, and the relationship between operations and marketing.
This document provides an overview of production and operations management. It defines key terms like systems, business systems, concepts of production, production systems, and characteristics of production systems. It also discusses objectives of production management, operations management framework, and the scope of production and operations management. The document aims to introduce foundational concepts in production and operations management.
This document provides an overview of production and operations management. It defines production as the process of transforming inputs into outputs through a set of controlled activities. Operations management is responsible for planning, coordinating, and controlling resources to produce goods and services. The key activities in the production cycle are product design, planning and scheduling, production operations, and cost accounting. The production cycle involves information flowing from one activity to the next. Facility layout planning is important for arranging resources in a way that ensures smooth material flow and maximizes productivity. The main types of layouts discussed are process, product, fixed position, cellular manufacturing, and hybrid layouts.
āWorld class manufacturing and its implementation in indiaāakshay isai
Ā
This document provides an overview of world class manufacturing and its implementation in India. It discusses what world class manufacturing is, how it is implemented through various strategies and techniques. It also discusses India's manufacturing scenario, factors favoring manufacturing in India like its large domestic market and availability of low-cost skilled workers. It highlights how India is emerging as an outsourcing and exports hub for global manufacturers due to these advantages.
āWorld class manufacturing and its implementation in indiaāDipesh Vora
Ā
This document discusses world class manufacturing and its implementation in India. It defines world class manufacturing as demonstrating industry best practices in areas like quality, price, delivery speed, flexibility and innovation. Companies aim to maximize performance in these competitive priorities. The document outlines strategies adopted by world class manufacturers, such as lean production systems, just-in-time processes, and continuous improvement. It also provides an overview of India's manufacturing sector and compares it to China.
This document provides an overview of production and operations management topics for students pursuing a BBA degree from MGS University in Bikaner, India. It covers key POM concepts like different types of production systems, forecasting, capacity planning, plant layout, inventory management, quality management, and maintenance. The document also discusses the functions and scope of POM, relationships with other business functions, and differences between manufacturing and service operations. It is intended to help students with the theoretical concepts for their POM coursework.
This document provides an overview of production and operations management. It defines key terms like product, production, and management. It then discusses the objectives of production management which are effectiveness, efficiency, and customer satisfaction. The document outlines different types of production systems and how production and operations management aims to optimize the utilization of resources to meet organizational goals. It emphasizes that modern production management must serve multiple stakeholders, including customers, employees, and society.
This document provides an overview of production and operations management. It defines key terms like product, production, and management. It then defines production and operations management as the conversion of inputs into outputs using physical resources to provide utilities to customers while meeting organizational objectives. The objectives of production management are to produce the desired product specified by methods in an optimal way. An efficient production management department provides benefits to various stakeholders like consumers, investors, employees, suppliers, and the community/nation.
Lean manufacturing aims to eliminate waste and optimize efficiency. It was developed by Toyota and popularized by James Womack. The goal is to satisfy customers with quality products delivered quickly at low cost. Key aspects include just-in-time production, continuous improvement, and 5S techniques. Agile manufacturing focuses on flexibility and responsiveness to meet changing customer needs through modular design, information technology, partnerships, and a knowledge culture. Both approaches emphasize eliminating waste while delivering value to customers.
This document provides an overview of operations management. It defines operations management and discusses key concepts like the production system, transformation process, and differences between products and services. The document also covers the historical development and current issues in operations management, as well as operations strategy in manufacturing and services. It discusses functions of the operations management department like materials selection, methods, machines/equipment selection, estimating, loading/scheduling, routing, dispatching, expediting, inspection, and evaluation.
Production and operation management ppt @ bec doms bagalkot Babasab Patil
Ā
Production management involves understanding production systems and dynamics to achieve quality, productivity, delivery performance and customer satisfaction at low cost. Advanced methodologies like CAD, CIM, JIT and lean manufacturing help optimize production through integrated information systems. Operations management coordinates production activities like planning, scheduling and quality control to efficiently transform inputs into outputs. Strategic decisions consider strengths, weaknesses and the environment to formulate operations strategies to maximize competitiveness.
Operations management involves directing and controlling processes to transform inputs into products and services. It is a set of decisions made by operations managers regarding strategic, process, quality, capacity, location, and operating issues. Key decisions include determining strategic priorities, improving processes, establishing quality objectives, determining system capacity and layout, and coordinating supply chain and resource planning. Operations management aims to attract more customers than competitors through product/process expertise and quick delivery.
The document discusses various production and operations management concepts including:
1. The transformation process model which involves transforming inputs like labor, machines and materials into outputs like goods and services.
2. Why studying production and operations management is important as it accounts for a large portion of company costs.
3. The differences between service and manufacturing organizations and how their operations differ.
4. Key responsibilities of operations managers like planning, workforce management, and facility decisions.
The document discusses various contemporary trends in quality engineering and management, including Just-in-Time (JIT) manufacturing, Lean manufacturing, Agile manufacturing, World Class Manufacturing (WCM), Total Productive Maintenance (TPM), Benchmarking, Business Process Reengineering (BPR), and Six Sigma. It provides overview definitions and explanations of the key concepts and principles for each trend.
The document discusses production management and operations management. It covers several key topics:
1. Production management involves understanding production systems, identifying dynamics of the management process, using analytical tools, and achieving quality and productivity goals with lower costs.
2. Operations management deals with efficiently planning, scheduling, and controlling manufacturing and service organizations. It aims to optimize processes like material handling and inventory management.
3. Advanced methodologies like CAD, CIM, and order fulfillment systems help improve design, information sharing, throughput, and reduce indirect costs. Operations strategy formulation considers factors like quality, time, flexibility and strategic decision making.
The operations manager oversees all aspects of a company's production process including workflow, staffing, supply chain management, and financial oversight. They ensure production meets quality standards and is completed efficiently. For example, an HR operations manager creates the HR department budget, develops policies and training, monitors systems, and ensures legal compliance. Manufacturing produces physical goods while services are intangible. Services are produced on demand for customers while manufacturing maintains inventory. Manufacturing can automate production more than services which rely on labor.
Global Quality Workflow, The Transition from Manual to Automated Compliance P...Maetrics
Ā
The document summarizes a presentation on transitioning from manual to automated quality and compliance processes. It discusses defining workflow and automation, aligning the organization, gaining alignment, and return on investment. It provides examples of one company's journey to establish a quality culture, use standard models, implement master data management and capability maturity models, and realize increased sales and reduced working capital through improved quality. The presentation aims to help organizations define their aspirational state and determine a path to transition processes from manual to automated.
The document discusses design for quality and how to achieve it through various tools and processes. It explains that design translates customer requirements into a suitable form for production. Quality means meeting requirements and specifications. The most important aspect of design for quality is understanding customer requirements. Several tools are discussed for aiding the design process, including affinity diagrams, matrix diagrams, and quality function deployment. The overall goal of design for quality is to meet customer needs through all stages from research to production.
This document discusses production and operations management (POM). It defines POM as the management of direct resources, also called the 5 Ps - people, plant, parts, processes, and planning & control systems. POM lies at the heart of business activities and its ultimate objective is to produce a specified product on schedule at minimum cost. POM decisions are classified as strategic, operating, and control decisions. The document also discusses productivity measurement, factors affecting productivity, and the relationship between operations and marketing.
This document provides an overview of production and operations management. It defines key terms like systems, business systems, concepts of production, production systems, and characteristics of production systems. It also discusses objectives of production management, operations management framework, and the scope of production and operations management. The document aims to introduce foundational concepts in production and operations management.
Cricket management system ptoject report.pdfKamal Acharya
Ā
The aim of this project is to provide the complete information of the National and
International statistics. The information is available country wise and player wise. By
entering the data of eachmatch, we can get all type of reports instantly, which will be
useful to call back history of each player. Also the team performance in each match can
be obtained. We can get a report on number of matches, wins and lost.
Covid Management System Project Report.pdfKamal Acharya
Ā
CoVID-19 sprang up in Wuhan China in November 2019 and was declared a pandemic by the in January 2020 World Health Organization (WHO). Like the Spanish flu of 1918 that claimed millions of lives, the COVID-19 has caused the demise of thousands with China, Italy, Spain, USA and India having the highest statistics on infection and mortality rates. Regardless of existing sophisticated technologies and medical science, the spread has continued to surge high. With this COVID-19 Management System, organizations can respond virtually to the COVID-19 pandemic and protect, educate and care for citizens in the community in a quick and effective manner. This comprehensive solution not only helps in containing the virus but also proactively empowers both citizens and care providers to minimize the spread of the virus through targeted strategies and education.
Learn more about Sch 40 and Sch 80 PVC conduits!
Both types have unique applications and strengths, knowing their specs and making the right choice depends on your specific needs.
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Email: ctube@c-tube.net
Sri Guru Hargobind Ji - Bandi Chor Guru.pdfBalvir Singh
Ā
Sri Guru Hargobind Ji (19 June 1595 - 3 March 1644) is revered as the Sixth Nanak.
ā¢ On 25 May 1606 Guru Arjan nominated his son Sri Hargobind Ji as his successor. Shortly
afterwards, Guru Arjan was arrested, tortured and killed by order of the Mogul Emperor
Jahangir.
ā¢ Guru Hargobind's succession ceremony took place on 24 June 1606. He was barely
eleven years old when he became 6th Guru.
ā¢ As ordered by Guru Arjan Dev Ji, he put on two swords, one indicated his spiritual
authority (PIRI) and the other, his temporal authority (MIRI). He thus for the first time
initiated military tradition in the Sikh faith to resist religious persecution, protect
peopleās freedom and independence to practice religion by choice. He transformed
Sikhs to be Saints and Soldier.
ā¢ He had a long tenure as Guru, lasting 37 years, 9 months and 3 days
Online train ticket booking system project.pdfKamal Acharya
Ā
Rail transport is one of the important modes of transport in India. Now a days we
see that there are railways that are present for the long as well as short distance
travelling which makes the life of the people easier. When compared to other
means of transport, a railway is the cheapest means of transport. The maintenance
of the railway database also plays a major role in the smooth running of this
system. The Online Train Ticket Management System will help in reserving the
tickets of the railways to travel from a particular source to the destination.
This is an overview of my current metallic design and engineering knowledge base built up over my professional career and two MSc degrees : - MSc in Advanced Manufacturing Technology University of Portsmouth graduated 1st May 1998, and MSc in Aircraft Engineering Cranfield University graduated 8th June 2007.
2. UNIT -1 INTRODUCTION TO PRODUCTION AND OPERATIONS
ā¢ Definition, Concept, Significance, and Functions of Production and
Operations System; Evolution from manufacturing to operations
management; Recent trends in manufacturing; Types of Production
Systems; Operations Management and Strategy
3. Definition
ļ¼Production / Operations Management is defined as the process which
transforms the inputs/resources of an organization into final goods (or
services) through a set of defined, controlled and repeatable policies.
ļ¼By policies, we refer to the rules that add value to the final output. The
value added can be in different dimensions, but the industrial set-up is
mostly concerned with the duo of quality and throughput.
4. Difference between Production and Operations
Management
ā¢ Production and operations management are more similar than
different: if manufacturing products is a prime concern then it is
called production management, whereas management of services is
somewhat broader in scope and called operations management
(because manufacturing services sounds absurd, right?).
5. Production Management v/s Operations Management
ā¢ A high level comparison which distinct production and operations management can
be done on following characteristics:
ļ¼Output: Production management deals with the manufacturing of products like
(computer, car, etc) while operations management cover both products and services.
ļ¼Usage of Output: Products like computer/car are utilized over a period of time
whereas services need to be consumed immediately
ļ¼Classification of work: To produce products like computer/car more of capital
equipment and less labour are required while services require more labour and lesser
capital equipment.
ļ¼Customer Contact: There is no participation of the customer during production
whereas for services constant contact with customer is required.
ā¢ Production management and operations management both are very essential in
meeting objective of an organization.
6. Concept of Production and Operation
Management
ā¢ "Production" and "Management" are common terms that are
defined in many ways. Generally, Production is 'the act or process
producing' and Management is the 'art of managing' thus defining
Production Management as the 'art of managing production process
best support the organizational goals and policies'.
7. Concepts
ā¢ Production and Operation Management deals with the creation of goods and
services through the application of the business concept. They are also vital in
both service and manufacturing firms.
ā¢ Production and Operations Management has a primary objective, which is to
employ the companyās resources to produce goods and services fit for the
market. This post highlights the definitions, importance, and function of both
management concepts.
8.
9.
10. The Function of Production Management
ā¢ The role of Production Management is quite elaborate. But the sole aim is to ensure the business produces
quality products that can satisfy the needs of customers on a regular basis. Below are the functions of
production management.
ļ¼Production Control ā Here the manager supervises and directs the production process. He or she also
must find out and ensure the right production plan is followed during the production process. If there are
deviations, the production manager has to take the right steps to correct them.
ļ¼Scheduling ā This function is critical in every organization. It has to do with planning when the actual
production would begin and ends.
ļ¼Cost and Quality Control ā Every company knows how essential quality control and price are. Customers
are not just looking for the best products. But they also want to have them at the lowest possible
price. Quality control is an essential duty the production manager has to perform. It entails multiple checks
performed on the product to ensure quality is intact.
ļ¼Maintenance of Machines ā Production management also entails making sure that instruments used are in
good working condition. And that means replacing the ones that are underper forming or changing
damaged parts to enable the machine to function optimally.
11. Why Production Management is so Important
ā¢ Production management is relevant to the firmās success in many ways. Used
efficiently, it can lead to numerous accomplishments which will take the business to
a great height. Below is the importance of production management.
ļ¶Helps the Firm to Accomplish its Objectives
Production management helps the firm to achieve its sales and business objectives
by producing goods and services that meet the need of consumers. Sales and profit
will increase if the product produced satisfies the customersā needs.
ļ¶Boost Business Reputation and Goodwill
A satisfied customer will undoubtedly want to repeat patronage. Thatās why
businesses should ensure that quality products are delivered continuously. Making
sure that your customers are always happy can also boost business reputation.
ļ¶Reduces the Cost of Production
Production management ensures that resources are used judiciously, without
compromising on quality. In other words, the business will continue to deliver quality
products and sell at a convenient price to customers. But this can only be possible in a
situation where the input and output are maximized.
12. Meaning of Operation Management
ā¢ Operation Management is in charge of managing the conversion
process. This unit handles the day-to-day running of the business to
ensure operations within the organization are carried out smoothly. It
is also in charge of production administration, manufacturing and
other processes like the rendering of services.
13. The Function of Operations Management
ā¢ As earlier mentioned the duty of the operations manager entails making sure that
resource are used for the right thing and plays a significant role in the production
process to ensure the team delivers quality output. Below are the functions of
operations management.
ā¢ Finance
ā¢ Operation managementās responsibility is to make sure that the companyās resources
are used in the right manner to generate goods that satisfy its customers.
ā¢ Strategy
ā¢ Operations managers also help in the development of plans or tactics that could lead to
the maximization of resources and production of products that gives the company a
competitive edge over its competitors.
ā¢ Product Design
ā¢ It is the operations managerās responsibility to come up with product design that not
only caters to the needs of customers but follows the market trend.
ā¢ Forecasting
ā¢ Operation management also predicts the performance of products or services in the
future. In other words, he critically analyses what customersā demand for certain
products would be in the future.
14.
15.
16. Recent Trends In Manufacturing
ā¢ Trend 1: The Industrial Internet of Things (IIoT) ...
ā¢ Trend 2: 5G & edge computing. ...
ā¢ Trend 3: Predictive maintenance. ...
ā¢ Trend 4: Digital twins. ...
ā¢ Trend 5: Extended Reality and the metaverse. ...
ā¢ Trend 6: Automation and dark factories. ...
ā¢ Trend 7: Robots and cobots. ...
ā¢ Trend 8: 3D printing.
ā¢ Trend 9: Web3 and blockchain technology
ā¢ Trend 10: Smarter, more sustainable products
17. Industrial Internet of Things (IIoT)
ā¢ Industrial Internet of Things (IIoT), where interconnected devices are used in
manufacturing and industrial settings to collect data ā data that can then be
used to enhance the manufacturing process.
ā¢ Sensors are a prime example of these interconnected IIoT devices. Data
gathered from sensors on factory machines can help manufacturers
understand how machines are performing, optimize the maintenance process,
reduce machine downtime, and even predict when things will go wrong.
Which brings us to the next big trend in manufacturing
18. Trend 2: 5G & edge computing
ā¢ The fifth generation of mobile data network technology (5G) will enable
manufacturers to easily connect their IIoT technology and leverage the data
collection and data processing within devices such as smart machines and
sensors (what we refer to as edge computing).
ā¢ Manufacturers can create a private 5G network on their premises which will
give them superfast data speeds without the need for cables and much-
improved data security.
19. Trend 3: Predictive maintenance
ā¢ In a manufacturing context, predictive maintenance refers to the use of
sensor data and artificial intelligence (AI) to detect failure patterns in
machinery and components.
ā¢ The idea is that by understanding when a machine or part is likely to fail,
manufacturers can take preventative action and maintain their equipment
more effectively.
20. Trend 4: Digital twins
ā¢ Digital twins can be used to simulate any physical process or object. For
example, in a manufacturing setting, a digital twin could be used to simulate
a new product's dimensions or create a digital replica of the equipment on
the factory floor to see how the machinery operates under certain
conditions.
ā¢ Digital twin technology can even be used to visualize and simulate an entire
supply chain. By 2022, as many as 70 percent of manufacturers may be using
digital twins to conduct simulations and evaluations ā which gives you an
idea of just how transformative this trend could be.
21. Trend 5: Extended Reality and the metaverse
ā¢ Extended reality technologies such as augmented and virtual reality will play
an increasingly important part in manufacturing, from enhanced product
design, better production planning, augmenting human abilities on
assembly lines, and more immersive training.
ā¢ As more of the world extends into the metaverse, more opportunities will
arise for manufacturers.
22. Trend 6: Automation and dark factories
ā¢ Thanks to AI, machines are now capable of carrying out more and more
tasks that were previously reserved for humans. So it makes sense that
machines can take on more and more manufacturing tasks.
ā¢ Automation can bring many advantages to manufacturers, including
higher productivity (machines donāt get tired), greater accuracy, and
lower costs. We may even see more entirely automated factories or so-
called dark factories ā fully automated sites where production happens
without direct human intervention on site.
23. Trend 7: Robots and cobots
ā¢ One of the key enablers of automation is the use of robots. But itās worth noting that not all robots
are there to replace human workers ā many are there to enhance the work of humans. For example,
we have robotic exoskeletons that help those on the production line lift heavier parts without
compromising their safety. And we have collaborative, intelligent robots ā or ācobotsā ā that are
specifically designed to work alongside humans.
ā¢ Robots and cobots can help manufacturers achieve greater efficiencies. This was the case for Nissan,
who deployed Universal Robotsā robotic arms at its motor production facilities in Japan to help
overcome problems around maintaining production times (largely due to labor shortages). Nissan
also deployed cobots to help employees install engine intakes, among other tasks.
24. Trend 8: 3D printing
ā¢ As 3D printing becomes more cost-effective, efficient, and scalable,
manufacturers will increasingly be able to make products using 3D
printing methods ā which use fewer materials and create less waste than
traditional manufacturing methods.
ā¢ 3D printing will also drive a new era of personalization because
individually personalized products can be made without worrying about
economies of scale. Plus, 3D printing can help to drive innovation by
allowing rapid prototyping.
25. Trend 9: Web3 and blockchain technology
ā¢ With the emergence of Web3 and distributed computing technology such
as blockchains and NFTs (non-fungible tokens), there will be opportunities for
manufacturers to better monitor their supply chains and even automate many of
the transactions along their supply chains.
ā¢ Many of the products that will be manufactured in the future will be sold with
their NFT digital certificates.
Non -fungible token (NFT) is a digital identifier, similar to a certificate of ownership,
that represents a digital or physical asset.
26. Trend 10: Smarter, more sustainable products
ā¢ The emergence of smart connected IoT devices isnāt just
changing how products are manufactured but what types of products are
manufactured.
ā¢ These days it seems there are āsmartā versions of everything from vacuum
cleaners to toilets, and the trend for smart products shows no sign of
slowing down.
ā¢ Therefore, manufacturers will increasingly have to explore ways of giving
customers the intelligent products they expect.
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