pharmaceutical marketing and management
TRANSCRIPT
Production Management PRESENTED TO:
Dr. GULAM ABBASPRESENTED BY: Mudassir Farooq Session 2012- 2017
Faculty of PharmacyBahauddin Zakariya University, Multan
What is Production and Production Mangement ?
Objectives Of Production Management.
Major Components Involved In Input Management.
Various Concepts Of Inventory Management.
Cost Control.
Operational Management.
Job Description Of Production Manager.
Steps In The Production Control Process.
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2
3
4
5
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7
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Learning Goals
Production & Operations
Management• Production: Production is a process necessary to transfer different inputs into a products or services.
• Production Management: “Production management 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.”
Objectives of Production Management
“The objective of the production management is ‘to produce goods services of right quality and quantity at the right time and right manufacturing cost”. RIGHT QUALITY
RIGHT QUANTITY
RIGHT TIME
RIGHT MANUFACTURING COST
Elements of Production
ManagementA. Input ManagementB. Cost ControlC. Operational Management
A. Input Management
a) Material Managementb) Inventory Controli. Tools of Inventory Management
a) Materialb) Laborc) Burden
B. Cost Control
Operational Management
a) Forecastingb)Capacity Planningc) Aggregate Production Planningd)Resource Allocatione) Material Requirement Planning
The Job of Production Managers
Oversee the work of people and machinery to convert inputs (materials and resources) into finished goods and services.
• A good or service free of deficiencies.• QC department controls all starting materials, monitors the quality
aspects of manufacturing operations and ensure the quality and stability of drugs.
Importance of Quality
References• Production and Operation
Management 2E by S.Anil Kumar and N.Suresh
• Pharmaceutical Marketing and Management by N I Bukhari and Mahmood Ahmed
ANY QUESTION?
THANK YOU FOR BEING HERE