Planning and Controlling - 3630 Words

LESSON 8 PRODUCTION PLANNING AND CONTROL Abha Kumar STRUCTURE 8.0 8.1 8.2 8.3 8.4 Introduction Objectives Production management Product design Design of production system 8.4.1 Types of production system 8.5 Manufacturing process 8.5.1 Types of manufacturing process 8.5.2 Factors affecting the choice of manufacturing process 8.6 Production planning and control 8.6.1 Benefits to small entrepreneur 8.6.2 Steps of production planning and control 8.7 Summary 8.8 Glossary 8.9 Self-Assessment Questions 8.10 Further Readings 8.0 INTRODUCTION After taking decisions about the type of business, its location, layout etc. the entrepreneur steps into the shoe of production manager and attempts to apply managerial principles to the production†¦show more content†¦It is also known as mass flow production or assembly line production. This system ensures less work in process inventory and high product quality but involves large investment in machinery and equipment. The system is suitable in 116 plants involving large volume and small variety of output e.g. oil refineries reform cement manufacturing etc. (b) Job or Unit production: - It involves production as per customers specification each batch or order consists of a small lot of identical products and is different from other batches. The system requires comparatively smaller investment in machines and equipment. It is flexible and can be adapted to changes in product design and order size without much inconvenience. This system is most suitable where heterogeneous products are produced against specific orders. (c) Intermittent Production: Under this system the goods are produced partly for inventory and partly for customers orders. E.g. components are made for inventory but they are combined differently for different customers. . Automobile plants, printing presses, electrical goods plant are examples of this type of manufacturing. 8.5 MANUFACTURING PROCESS The nature of theShow MoreRelatedplanning and controlling1118 Words   |  5 Pagesï » ¿PLANNING To establish and operate an effective organization, all managers perform several major functions or activities. These functions enable managers to create a positive work environment and   to provide the opportunities and incentives. The key   management functions include   -Planning -Organizing -Directing   -Controlling. Each of these functions are critical to the success of any manager and organizations. The primary function of the four is PLANNING. Planning is the processRead MorePlanning, Leading, And Controlling1859 Words   |  8 Pagescategorized into the four major functions of planning, organizing, leading, and controlling. Before making a biblical approach of these functions I would like to talk a little bit about them. 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