HSC Production Management and Marketing 1st Paper 5th Chapter Note Production Management

HSC Production Management and Marketing 1st Paper 5th Chapter Note Production Management. Production Management refers to the application of management principles to the production function in a factory. In other words, production management involves the application of planning, organizing, directing and controlling the production process. It is observed that one cannot demarcate the beginning and end points of Production Management in an establishment. The reason is that it is interrelated with many other functional areas of business, viz., marketing, finance, industrial relation policies etc.

HSC Production Management and Marketing 1st Paper 5th Chapter Note Production Management

HSC Production Management and Marketing 1st Paper 5th Chapter Note Production Management

HSC Production Management and Marketing 1st Paper 5th Chapter Note Production Management

HSC Production Management and Marketing 1st Paper 5th Chapter Note Production Management

“Production Management is the process of effective planning and regulating the operations of that section of an enterprise which is responsible for the actual transformation of materials into finished products.” This definition limits the scope of production management to those activities of an enterprise which are associated with the transformation process of inputs into outputs. & the definition does not include the human factors involved in a production process. It lays stress on materialistic features only.

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HSC Production Management and Marketing 1st Paper 5th Chapter Note Production Management