Objectives of production management
Objectives of production management
The objectives of the production management are given below:
1. Right Quality: Quality is the important factor, which should be considered at the time of manufacturing process. All efforts should be taken to ensure the quality of the manufactured goods.
2. Right Quantity: The manufacturing organisation should produce the goods in right number. If they are produced in excess of demand the capital will block up in the form of inventory. If the quantity is produced in short of demand, it leads to shortage of products.
3. Timeliness: Timeliness of delivery is one of the important factors to judge the effectiveness of production department. The production department has to make the optimal utilization of resources to achieve its objectives.
4. Low Manufacturing Cost: Manufacturing costs are determined before the product is actually produced. Hence, all attempts should be taken to produce the products at pre-established cost so as to reduce the variation between actual and standard cost.
The objectives of the production management are given below:
1. Right Quality: Quality is the important factor, which should be considered at the time of manufacturing process. All efforts should be taken to ensure the quality of the manufactured goods.
2. Right Quantity: The manufacturing organisation should produce the goods in right number. If they are produced in excess of demand the capital will block up in the form of inventory. If the quantity is produced in short of demand, it leads to shortage of products.
3. Timeliness: Timeliness of delivery is one of the important factors to judge the effectiveness of production department. The production department has to make the optimal utilization of resources to achieve its objectives.
4. Low Manufacturing Cost: Manufacturing costs are determined before the product is actually produced. Hence, all attempts should be taken to produce the products at pre-established cost so as to reduce the variation between actual and standard cost.
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