![]() Improve Quality: Improved quality allows companies to stay competitive and meet the changing needs and wants of customers.It provides no value to products or services Eliminate Waste: Waste is a negative factor for cost, deadlines and resources.However, whatever the over-arching motives, there are four key benefits to lean manufacture: The motives behind this vary depending on opinion, from increasing profits to providing benefits to customers. Waste in industry, whether that is idle workers, poor processes or unused materials are a drain on productivity, and lean manufacturing aims to eliminate these. Why is Lean Manufacturing Important and How Can it Help? Removing these inefficiencies should streamline services, reduce costs and ultimately provide savings for a specific product or service through the supply chain to the customer. These can cover underused talent, excess inventories or ineffective or wasteful processes and procedures. The types of waste include processes, activities, products or services that require time, money or skills but do not create value for the customer. By reducing waste to deliver process improvements, lean manufacturing sustainably delivers value to the customer. The core principle in implementing lean manufacturing is to eliminate waste to continually improve a process. National Structural Integrity Research Centre.Structural Integrity Research Foundation.Production management supervises and controls all persons associated with the production operations of the business and ensures the desired output. ![]() Various technological and innovation changes are easily implemented in business using Production management. ![]() Its main objective is to manufacture products and services in the right quantity, of the right quality, at the right time, and at a lower cost. Production management aims at proper integration and utilization of 6M’s: Men, Machine, Money, Methods, Materials, and Market to satisfy the customer needs in a better way. ![]() These strategies are formed and implemented by production management for the achievement of different pre-set goals in terms of unit costs, quality, production mix, and capacity of production. Production management involves the framing of various production strategies and ensures the successful implementation of these strategies in business operations. This process is concerned with the conversion of raw materials into business finished products efficiently without any wastage of resources. Production management applies planning, directing, organizing, and controlling for managing production operations. It involves the application of management principles to the production function of the business to increase productivity. Production Management is a process that involves managing and controlling the production activities of a business. Production management involves formulating strategic production policies and successfully implementing them for yielding desired output without any wastage of resources. It is a function that regulates all production activities with the aim to minimize cost, reducing production time, and producing goods of the right quality. Production management refers to the management of the production function of a business for increasing overall productivity.
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