PRODUCTION AND OPERATIONS MANAGEMENT

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Presentation transcript:

PRODUCTION AND OPERATIONS MANAGEMENT Chapter 1 INTRODUCTION TO PRODUCTION AND OPERATIONS MANAGEEMNT

Production is the process by which raw materials and other inputs are converted into finished products.

Production system model comprises: Conversion sub-system and Control sub-system.

A Production System Model

Operation managers are required to make a series of decisions in the production function. The decisions made by operation managers about the activities of production systems tend to fall into three general categories, viz., Strategic decisions Operating decisions Control decisions

POM Decisions and their Applications

Importance of Production Function Production function can offer competitive advantage to a firm in the following areas: • Shorter new-product-lead time • More inventory turns • Shorter manufacturing lead time • Higher quality • Greater flexibility • Better customer service • Reduced wastage

Production Management and Operations Management Production management refers to the application of management principles to the production function in a factory. In other words, production management involves application of planning, organising, directing and controlling to the production process. Operations management is the process in which resorurces/inputs are converted into more useful products Production management and operations management are differentiated based on tangibilities of finished goods/services

Characteristics of Modern Production and Operations Function 1. Manufacturing as Competitive Advantage 2. Services Orientation 3. Disappearance of Smokestacks 4. Small has Become Beautiful

Recent Trends in Production/Operations management 1. Global Market Place 2. Production/Operations Strategy 3. Total Quality Management (TQM) 4. Flexibility 5. Time Reduction 6. Technology 7. Worker Involvement 8. Re-engineering 9. Environmental Issues 10. Corporate Downsizing (or Right Sizing) 11. Supply-Chain Management 12. Lean Production