Explain production budget, Operation Management

Assignment Help:

Explain production budget.

A production budget may be made by production manager in consultation along with his assistants after obtaining the sales Budget. A production budget demonstrates the quantity of products to be manufactured.

This is based upon:

(i) Sales budget,

(ii) Factory capacity (storage and Production),

(iii) Budgeted stock needs,

(iv) Economic lot size

(v) Accessibility of raw material and labour.

A production budget gets the cost of producing the estimation volume of saleable products. A production plan is computed in terms of the number of units to be produced in each era, as a month. As far as possible, the production must be planned at a relatively even rate, even if the sales budget indicates a high seasonal sales forecast.


Related Discussions:- Explain production budget

C) Role of computers in Production/Operations Management, c) Role of comput...

c) Role of computers in Production/Operations Management

Explain what could go wrong as a result, Imagine the worst possible reports...

Imagine the worst possible reports from a system. What is wrong with them? List as many problems as you can. What are the consequences of such reports? What could go wrong as a res

Depict an activity on arrow network, Project involves 12 activities and the...

Project involves 12 activities and the precedence relationship is provided below in brackets. (1) Draw an activity on arrow network to represent the project tasks and their depende

Hard change initiatives - linking strategic, Hard Change Initiatives - Link...

Hard Change Initiatives - Linking Strategic 1. Total quality management (TQM)/ISO 9000  2. Enterprise resource planning (ERP)/material requirements planning; manufacturing

Explain specific crimes in which digital forensics is used, Digital forensi...

Digital forensics can encompass many areas of inquiry, including information network analysis and source code analysis. Describe three specific crimes in which digital forensics ca

Explain what is the multifactor productivity, David Upton is president of U...

David Upton is president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.50 per ho

Explain what are the correlation coefficient, Mark Gershon, owner of a musi...

Mark Gershon, owner of a musical instrument dis-tributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 du

Describe a work breakdown structure, A Work Breakdown Structure (WBS) compo...

A Work Breakdown Structure (WBS) component is a term that simply refers to an entry in the WBS that can be at any level.

What are some instances that would explain strategic groups, What are some ...

What are some examples that would explain strategic groups?

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