Production & Materials Management SYBMS

Prof Bharat Nadkarni

Prod.& Mat.Mgmt., Prof Bharat Nadkarni

List of Books

Production & Materials Management by S D Aphale (Vipuls BMS Series) Prod. & Operations Mgmt by Aswathapa / Shridhara Bhat Purchasing & Materials Management by P Gopalakrishnan Purchasing & Inventory Control by K S Menon Purchasing & Materials Management by Lee & Dobler

Prod.& Mat.Mgmt., Prof Bharat Nadkarni INPUT (5 M s) PROCESS

Predictable Repeatable Measurable

OUTPUT
(CS)

What gets measured, gets improved. Product Life Cycle (Stages) 1. Introduction 2. Growth 3. Maturity 4. Decline Why it is so important for organisations to bring new products? Innovation is the sole cause of profit Schumpeter

Production & Materials Management PRODUCTION MANAGEMENT Production is the creation of utilities for meeting human wants. It is effective utilisation of 5 Ms i.e.Money,Materials,Manpower, Machine, and management for the creation of goods which can be used for different purposes. According to Carl Heyel, Production is the process of transforming raw materials or purchased components into finished products for sale. Definition of Production Management 1. Production Management is the process of effective planning and regulating the operations of that section of an enterprise which is responsible for the actual transformation of materials into finished products.

Production & Materials Management 2. Production Management deals with decision making related to production processes so that the resulting goods or service is produced according to specifications, in the amounts and by the schedule demanded and at minimum cost. Importance and Benefits of Production Management 1. Production of useful and quality goods at low or reasonable production cost. 2. Provides regular and continuous supply of goods and services to consumers. 3. Provides better services to consumers as regards variety, price and supply. 4. Maintains optimum inventory level and makes optimum use of resources.

Production & Materials Management 5. Ensures better utilisation of available material resources and human resources. 6. Creates employment opportunities and thereby provides better life and welfare to people. 7. Improves profitability and reputation of the organisation through the production of consumer friendly and quality goods at reasonable costs. 8. Reduces cost of production. 9. Provides support to other functional areas. 10. Creates utility and improves standard of living of people.

Production & Materials Management Functions of Production Management 1. Materials Planning & Procurement 2. Selection of Production Process 3. Selection of Machines and Equipments 4. Location of Plant 5. Plant Layout and Material Handling 6. Capacity Planning 7. Production planning & control 8. Loading & Scheduling 9. Inventory Control 10. Work Study 11. Maintenance 12. Estimating & Dispatching 13. Quality Control & Inspection

Production & Materials Management Scope of Production Management Capacity Planning Production Planning Production Control Work Study Quality Control Inventory Control Product Selection and Design Process selection and planning Maintenance Management Maintenance Cost