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Managing Production Systems

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  1. Managing Production Systems (Managing Manufacturing Systems)

  2. Managing Manufacturing Systems • Managing manufacturing system involves • Coming up with new products • Developing and manufacturing these products • At low cost, selling and servicing these items • Requires team of management

  3. Managing Manufacturing Systems • Marketing • Market research • Potential market • Market gap analysis • Total market • Market share • R&D • Research: searching for new materials, processes etc • Development: Use of discoveries from research to solve problems • Prototyping

  4. Managing Manufacturing Systems • Production • Production Engineering or Productizing (changing a product design to make it easy to manufacture) • Next step: production • QC: quality control • Safety during production: OSHA (Occupational safety and health administration) • Environment: EPA (Environmental protection agency) • A company may get fined or even shut downed if it doesn’t follow OSHA or EPA rules

  5. Managing Manufacturing Systems • Servicing • A manufacturer must have a plan to take care of the products that need maintenance through WARRENTY • After warranty period the product becomes Through away • Repair plan may include • Setting up its own repair shop or center providing the service is cost effective, rapid etc. otherwise: • The maintenance job can be given to dealers instead.

  6. Managing Manufacturing Systems • Selling a product(Sales department put to work the plan made by Marketing dept.) • Direct sales • Sales representative (commission) • Dealers • Retail stores • Discount Distributors M C Payment SR M C Order Payment Payment D M C Order Order Small stock Payment Payment R M C Order Order Large & varied stock M: Manufacturer C: Customer SR: Sales Rep D: Distributor R: Retailer DD: Discount dist. Payment Payment D M DD C Order Order Small stock

  7. Managing Manufacturing Systems • Financing the manufacturing • A company’s survival depends upon its Financial management • A key tool in Financial management is the Business Plan • A Business Plan states goal of the business, methods required to reach them, capital required. • One of the most important part in a business plan is known as Cash flow analysis which tells if a business is running at a loss or is making a profit. • Most startups run at a loss. Most of the money, during this time comes from personal savings, venture capital etc. • Another way to generate money is through stocks. SEC (Securites and exchange commission)

  8. Managing Manufacturing Systems • Scheduling tool in manufacturing • PERT:Program Evaluation and review Technique

  9. Managing Manufacturing Systems • Common elements of management • Planning • Building design & financial arrangements, Market research and R&D • Organizing • Selecting Contractors, Selecting right labor for the right job • Leading • Solving disputes, promoting good work habits, selecting correct market • Controlling • Progress meetings, Monitoring product sales