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PRODUCTION
MANAGEMENT
CORE-18 Module-1
Module-1-Contents
2
Production
Transformation Process
For getting the desired output, the quality of the inputs has to be
monitored.
Products Services
Products are visible Services are invisible
Process
Product
orientat
orientat
ion
ion
Fig 1 Organizations on a product/process continuum
7
The Product/Process Continuum
8
Quality of Quality of
inputs Random outputs
monitored Disturbances monitored
Inputs Output
Men Transformat Goods
Materials ion Process &services
Machines
Informatio
n
Energy
Feedback
Mechanims
Figure 2
Transformation Process
11
Aggregate production/operations
planning
Demand forecasting
Production Finance
Marketing Personnel
19
Suppliers Government
Interface between Production and
Marketing
20
31
Non Manufacturing operations
32
34
Forecasting
35
Secular Trend(T)
Seasonal Movements(S)
Cyclical Movement (C)
Irregular Variations (I)
Components of Demand
39
Secular Trend
Components of Demand
41
42
Components of Demand
43
51
Simple Moving Average
52
Simple Moving Average
53
100 90 105 95 ?
Types of regression
Linear regression
Multiple regression
Linear regression
66
Si = Di / D
b)
Solutions
80
c) Ft = 20000+ 0.1(19000-20000) =
19900
d) Ft+1 = 19900+ 0.1( 20500-19900) =
19960