Which one of the following is not the function of production managemen...
Introduction:
Production management is the process of planning, organizing, directing, and controlling the production activities of an organization. It involves the efficient utilization of resources to produce goods and services. The main function of production management is to ensure that the production process runs smoothly and efficiently.
Explanation:
Among the given options, the function of production management that is not included is "Market Intelligence and Survey". Let's discuss each option in detail:
a) Production, Planning and Control:
Production, planning, and control are essential functions of production management. It involves determining the production capacity, scheduling production activities, allocating resources, and ensuring that the production process meets the desired quality standards. This function ensures that the right products are produced in the right quantity and at the right time.
b) Procurement of Raw Materials:
Another important function of production management is the procurement of raw materials. It involves identifying the raw materials required for production, sourcing them from suppliers, negotiating prices, and ensuring timely delivery. Effective procurement of raw materials is crucial for uninterrupted production and cost management.
c) Market Intelligence and Survey:
Market intelligence and survey, as mentioned in the question, is not a function of production management. Market intelligence and survey are part of marketing management. It involves gathering information about the market, understanding customer needs and preferences, analyzing competitors, and identifying opportunities for growth. This function is focused on understanding the market dynamics and developing strategies to meet customer demand.
d) Plant Location and Layout:
Plant location and layout is another function of production management. It involves selecting the appropriate location for the production facility and designing the layout of the plant. Factors such as proximity to raw materials, transportation facilities, availability of labor, and market accessibility are considered while determining the plant location. The layout of the plant is designed to ensure smooth flow of materials, minimize production bottlenecks, and optimize the utilization of resources.
Conclusion:
In conclusion, among the given options, "Market Intelligence and Survey" is not a function of production management. Production, planning, and control, procurement of raw materials, and plant location and layout are some of the key functions of production management.
Which one of the following is not the function of production managemen...
Production management means planning, organising, directing and controlling of production activities. Production management deals with converting raw materials into finished goods or products. It brings together the 6M's, i.e. men, money, machines, materials, methods and markets to satisfy the wants of the people.
To make sure you are not studying endlessly, EduRev has designed UGC NET study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UGC NET.