NATURE AND SIGNIFICANCE OF MANAGEMENT — OCM STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceOCMNATURE AND SIGNIFICANCE OF MANAGEMENT5 Marks
Question
Define production management and explain its functions.
✓
Answer
Production management:
The process which includes planning for production, deciding programmes, maintaining co-ordination, direction and keeping control is called production c management.
The process of converting naturally available raw material into consumable finished goods with the help of human efforts is known as production:
Production management takes care that the goods and services produced are capable of satisfying the needs of the customers.
Following functions are included in production management:
To decide production plan
To undertake production researdh
To select product development as well as product-mix
To select technology and machinery for production
To take decisions regarding selection of location for production as well as its layout
To estimate material and other needs for production
To control production activity
To control product quality
To undertake activities for controlling expenditure maintaining and increasing productivity _
To introduce variety of products and simplify production process
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