Production & Operations Management

What is production ?

• Feeding a process

• Action of Making

• its process of converting raw materials into finished goods

• Getting output from a process

production means to relate with

• Only Product

• Only Service

• Both Product & Services

• Both Product & Service in Production Unit

what are the 3 key elements of operation systems? ( In order)

• Service , manufacturing , product

• Raw output, input , transformation process

• semi-finished output , transformation process, Input

• Inputs, transformation process , outputs

The goal of operation management is to

• Produce goods with lowest cost and highest possible quality

• Bring everyone involved in the production process

• Manufacture production systems

• Find raw materials at the lowest cost

Its on schedule process where operation manager’s overlook the entire production process goes as per the objective.

• May be

• It depends on role of a Operation Manager

• its the nature of the job

• It depend on the production Unit

Process of selecting a favorable destination for production activity

• Production site

• Strategic location selection

• Feasibility Planing

• Plant Location

suggest suitable plant location for processing Unit shown here ?

• Near to Labor Source

• Near to Market (Consumer)

• Near to source of Raw Materials

• Near to central market

On choosing a site selection for Airport ,Which option is consider most ?

• Availability of favorable policy

• Availability of Labor Source

• Availability of Power source

• Availability of Land Source

Factor that influence in selection of Plant Location

• Suitable Climatic Condition

• State Policies

• Transport Facility

• unskilled and cheap work force

Benefit of picking of plant location for a industry ensure the

• Scope of first mover advantage (Competitor)

• Scope of less capital investment on Location (Investment )

• Scope of growth in terms of production (Expansion)

• Scope of growth land value get apprised (Future Gain)