JAKE

refer to “any process that accepts inputs and uses resources to change those inputs in useful ways.”

EXAMPLE

‘’The process of planning, organizing, and controlling operations to reach objectives efficiently and effectively.”

deals with decision making related to production processes so that the resulting goods or services are produced according to specifications, in the amount and by the schedule demanded and out of minimum cost ”

OBJECTIVE OF PRODUCTION MANAGEMENT

The greatest quality isn't always the _

The demands of the consumer determine the_

It is decided by the product's price and its technical attributes in relation to the particular needs.

The manufacturing company has to generate the appropriate _of goods.

In the event that production exceeds demand, capital will be blocked in the form of inventory, and in the event that production falls short of demand, there will be a product scarcity.