What is Production and Operations Management?

1. PRODUCTION AND OPERATIONS MANAGEMENT (A DETAILED REPORT)

2. 1 Introduction Table of Content 2 Production Planning 3 Production Control 4 Improving Production and Operations 5 Short, Medium & Long Term Planning 6 Part-time Job Opportunities

3. Industrialization has changed the world completely. Over the years the lives of people and their living standards have uplifted miraculously industrialization. Production and operations management are the gears in the whole industrial revolution. The production of products and utilities build the foundation of industries. Moreover, the commonwealth and people from every corner of society widely use these. just because of INTRODUCTION

4. PRODUCTION PLANNING Planning helps to chalk out the master plan for optimized and effective production. Managers face initial challenges in deciding the foundation factors for production. Production planning is done in such a manner that production takes lesser resources in the easiest manner. Also, it produces maximum products and services to increase the net profit of the industry. Production planning gives rise to a few basic questions. For instance, WHEN will the production start and how many times during a financial year keeping in mind various conditions, Along with this, WHERE will the production begin keeping in mind the strategic location according to the geography.

5. PRODUCTION CONTROL Control can bring stability and lesser chances of risk in an industry. Informed decisions are the tools of production control. The industry manager or the production manager does quality and cost control. Apart from this, he also responsible for scheduling the day to day activities during production in an industry. Quality control of the product or service paves the way to customer loyalty and goodwill in the market.

6. IMPROVING PRODUCTION AND OPERATIONS Up-gradation and diversification is the new trend prevalent in the industry as the number of competitors is growing rapidly. To counter this, a production and operations management team should gear up by upgrading the existing methodologies and technologies used for the production. New technology makes the production line more efficient. It does so by producing more products in lesser time and utilizing lesser resources with the least waste produced. Today industries are even recycling their waste to produce new products and hence increasing the net profit of the companies.

7. SHORT TERM PLANNING This is a method of planning of the term up to a year for all the urgent needs of the industry. It is related to the raw materials, the processing technology as well as the final delivery mechanism. The managers of each section of the industry carry out this method on the basis of the daily inputs. MEDIUM TERM PLANNINGING Medium-term planning is a method to make decisions for a period of about two years. These plans help to run activities related to campaign production that lasts for a duration of about two years. LONG TERM PLANNING The term planning in long-term planning is for three to five years. It is related to matters of utmost importance. The sources of raw materials, the goods that are to be produced, how the goods should be produced, where the goods should be produced, and so on, are some elements that largely affect this method.

8. CONCLUSION Humongous corporations present all over the world need productions and operations management. This is because they need to sort out their product strategy for the execution of smooth and optimized production. In conclusion, a good production team and a complimentary and excellent operations management team can be the flag bearers of the success of the industry. Above all, they are the ones who pave the way for stability in the industry. The industry can easily reach its targets and even perform beyond the targets.

9. BOOST EARNINGS AND MARCH AHEAD OF YOUR CAREER Become a Q&A Expert with CHEGG READ MORE SIGN UP NOW

10. Thank You.