Production Management

Production management includes the application of the principles of management to the production function in a factory. It focuses on planning, directing, organizing and controlling production activities. It primarily deals with the conversion of raw materials into finished goods. It also deals with the decision-making about the quantity, quality and cost, etc. of the product. The main objective of production management is to produce the goods and services in the required quantity and quality, at the right time and cost. Production management plays an integral role in the optimum utilization of the production capacity of a company or firm. This book is a compilation of chapters that discuss the most vital concepts in the field of production management. It elucidates new techniques and their applications in a multidisciplinary approach. This book is a complete source of knowledge on the present status of this important field.