9 June 2018

Definition of production management

Production is the process which combines and transforms various resources like raw material used in the production system of the industrial organization into finished product or value-added service in a controlled manner as per the policies of the industrial organization.

The set of interrelated management activities, which are involved in manufacturing certain products is called production management. The same concept is extended to services management is called operations management.

Production management deals with converting raw materials into finished products of goods. It brings men, money, machines, materials, methods and markets to satisfy the wants of the people.