Tag: Routing

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Production and Operations

Production Planning

Production Planning

Production planning is the administrative process that takes place within a manufacturing business and which involves making sure that sufficient raw materials, staff and other necessary items are procured and ready to create finished products according to the schedule specified.  Production planning occupies significant place in an organisation because other functional areas of management viz., financing, […]

Categories
Production and Operations

Production Management

Production Management

Production refers to the creation of goods and services for consumption by the society. This production means converting inputs into outputs as per the need of the society. Production management encompasses all those activities that enable conversion of a set of inputs into outputs which are useful to meet the human needs. Production Management is the […]