Production and Operation Management

STUDY MATERIAL

 

Production and Operations management is a very popular term and is studied under different titles, such as production, management, industrial management, production planning and control, manufacturing planning and control, manufacturing system, production and inventory control, production and operations control, production and operations management, and operations management. Whatever may be the title, the contents of the subjects are almost same.

Production and Operations Management (POM) concerns itself with the conversion of inputs into outputs, using physical resources, so as to provide the desired utility/utilities – of form, place, possession or state or a combination thereof – to the customer while meeting the other organizational objectives of effectiveness, efficiency, adaptability and agility. It distinguishes itself from the other functions such as personnel, marketing, etc. by its primary concern for conversion by suing physical resources.

On  Simplynotes/Simplinotes we provide FREE, Structured and Easy to understand notes on various subjects of MBA/BBA/M.Com/B.Com and  other professional courses. This study material is compiled from various reference books and other sources. These notes can be used for MBA, ME/M. Tech (Industrial Engineering, Production/Manufacturing Engineering) , BE/B. Tech (Mechanical Engineering, Industrial Engineering, Production/Manufacturing Engineering) and MSc (Operations Research and Statistical Quality Control)   You can visit the below mentioned blue links for study material.

 

 

Operations Management – Meaning, Definitions, Objectives, Evolution, Scope, Functions/Role, Difference Between Production and Operations Management

Facility Location – Meaning, Definition and Factors affecting plant location selection (Click on the link below)

http://www.simplinotes.com/plant-location-facility-location/

Site Analysis/Location Analysis 

 

Plant Layout/Facility Layout – Meaning, Definition, Objectives, Principles and Types

Inventory – Meaning, Definition, Features, Objectives and Importance

Types of Inventories

Inventory Control – Meaning, Definition, Objectives and Scope

Inventory Costs

Simulation – Meaning, Definition and Examples

Advantages and Disadvantages of Simulation

Monte-Carlo Method

PERT and CPM

Linear Programming – Meaning, Definition and Applications

Essential Ingredients of Linear Programming

Formulation of Linear Programming Problem

Assumptions and Limitations in Linear Programming

Formulation of Linear Programming Problem(LPP)