Introduction to Production and Operation Management

Meaning of production management refers to the process of planning, organizing, directing, and controlling all the activities related to the production of goods and services. It focuses on how resources are utilized efficiently to transform raw materials into finished products. The introduction of production management also involves understanding how production strategies contribute to achieving organizational goals and maintaining quality standards.

Moreover, the meaning of production management includes the administration of various business practices aimed at improving productivity and optimizing operations. Production managers ensure a balance between cost, quality, and delivery time to achieve maximum profitability.

Production is the core function of any organization that provides goods and services. When managed effectively, it supports all other business departments; however, poor management in production can negatively affect the entire organization.
 

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This unit provides a detailed introduction of production management and operations management, enhancing understanding of financial concepts, production reports, and strategies to ensure the right people are in the right positions.

On completion of this unit, learners will be equipped to identify the differences between various production methods and understand how production efficiency drives business success.

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