Production, Operation Management


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.

Posted Date: 12/10/2012 2:14:45 AM | Location : United States

Related Discussions:- Production, Assignment Help, Ask Question on Production, Get Answer, Expert's Help, Production Discussions

Write discussion on Production
Your posts are moderated
Related Questions
Discuss state licensure requirements that an organization must comply with in order to become a Medicare Advantage Plan, any exceptions to the State licensure requirement, and any

Routing Procedure For a new product or part the routing procedure consists of seven principle steps: 1.The first step is to analyze the product or articles and fabricate int

Discuss how preferred outcomes are derived in the short run?

Genny, Inc. bonds have a 9% coupon rate with semi-annual coupon payments. They have 9 1/2 years to maturity and a par value of $1,000. Compute the value of Genny's bonds if investo

What actions do you think management at Sam's Club should take to boost revenue growth and overall financial performance? What actions do you think management at BJ's Wholesale sho

Premier coatings Zambia ‘PCZ’ produce both interior and exterior paints from two raw materials, Ml and M2. A market survey indicates that the daily demand for interior paint cannot

Carrington inc is an international company engaged in the production and distribution of pharmaceutical. Is the Peterson operation successful? To the degree that it can be judged a

Respondeat superior is the theoretical basis for holding companies criminally liable for actions of their employees. Companies oftentimes have little defense against prosecution. C

Weekly sales of rye bread at the corner store are shown below. Using this data, forecast Week 7 using a six-week moving average. Week Sales 1 415 2 389 3 420 4 382 5

1. Name three methods of system classification and typical examples.  Answer: 1. Volume/variety; 2. customer interaction/labour intensity; 3. Boulding's classification.