Production, Operation Management

Assignment Help:

Production

Production is any process or  procedure developed to transform a set  of input elements  such as men,  materials capital, information and energy into a specified set  of  output elements like finished products and services in proper quantity and quality thus achieving the objectives of an enterprise. The spirit of production is the formation of goods, may be by the transformation of raw material or by assembling so many small parts (as in television or scooter manufacturing). Production in everyday life can be noticed in factories hospitals offices etc, there are four recognized factors of production:

  • Nature (land and another natural resources),
  • Labour (human efforts),
  • Capital (factory building machinery tools raw materials etc), and
  • Enterprise (activity which organizes another factors of production into operating units) 

 

According to E .S. Buffa, production is a procedure by which goods and services are created. In common  production  is the  use of  any process or procedure designed to transform a set of input  elements  into  a set  of output  element, which have use value and economic value.


Related Discussions:- Production

Explain where will the bottleneck in the system be, The process for renewin...

The process for renewing a driver's license at the Archer County Courthouse is as follows. First, the clerk fills out the application; then the clerk takes the driver's picture; an

Inventory, What is ABC analysis in inventory control? Discuss its advantage...

What is ABC analysis in inventory control? Discuss its advantages/disadvantages

Describe two methods for allocating costs, Explain two methods for allocati...

Explain two methods for allocating costs. Justify why you selected them and how you would make the most use of them in cost analysis. No copying and pasting or will not be ra

Disadvantages of process layout, Disadvantages of Process Layout 1. Co...

Disadvantages of Process Layout 1. Complexity of production Planning and Control: The absence of sequential mechanized channels for production make routing and scheduling more

Compute total amount spent organize your list by room, Can someone help me ...

Can someone help me with this budget? You are given a budget of 10,000 to furnish and decorate you off campus apt. You have chosen global theme your job is to find items from a

How davis teaches supply chain management, Professor Davis teaches a course...

Professor Davis teaches a course in supply chain management at North Texas State University. She is scheduled to give her class of 32 students a final exam on the last day of exam

Major operations management processes, Major operations management processe...

Major operations management processes     Processes                                                             Outputs Operations strategy

Explain adequately staff the office, Recommend one specific way that Thomas...

Recommend one specific way that Thomas can adequately staff the office in light of the many problems he has already experienced. Be sure to keep in mind the cultural issues that pl

Management and operations, a. Describe who will be the CEO and his/her qual...

a. Describe who will be the CEO and his/her qualifications/experiences in the product/service industry, including both education and work and other relevant experiences. b. Desc

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd