The nature of production management can be classified under following points: 1. A high level comparison which distinct production and operations management can be done on following characteristics: Output: Production management deals with manufacturing of products like (computer, car, etc) while operations management cover both products and services. Factors Affecting Production: There are several factors which go to determine the volume of production in a country. Scope of Production Management: The objectives of production management are aimed at satisfying the needs of the customers through offering organisations products/services. 82 Production and Operations Management—An Overview . Why is production and operations management important in both manufacturing and service firms? Every organization has management principles.And the application of that principle to production function is the term “production management.”This management concept involves planning, scheduling, supervising, and control of the activities that concern the production of goods to meet the needs of consumers and also generate profit for the business. Production management assists in planning, organizing, co-ordinating, monitoring and controlling all the production activities. Production Management v/s Operations Management. The primarystage of production or goods in the raw … Meaning of Production System: The production system is an industrial system that supports manufacturing and logistics. Meaning of Production Management. Nature of Production Management Production management is not only related to the transformation of inputs into goods and services, but it is also related to other management activities. The scope of production management can be considered from the point of view of both strategic decisions influencing the production system and at the operation level. Production management encompasses all those activities that enable conversion of a set of inputs into outputs which are useful to meet the human needs. They are: (i) Natural Factors: The amount and nature of production in a country depends on its climate, nature of the soil, rainfall, etc. This involves the extract of raw materialsfrom our surroundings or nature. Production Management is the application of management principles to the production function in a factory. Definition: Production management is a set of activities that embrace planning, coordination, supervision, control and decision-making regarding resources and outputs of a production process. Production, the creation of products and services, is an essential function in every firm.Production turns inputs, such as natural resources, raw materials, human resources, and capital, into outputs, which are products and services. The nature of the production system may differ from company to company or from plant to plant in the same firm. Production Management v/s Operations Management. A high level comparison which distinct production and operations management can be done on following characteristics: Output: Production management deals with manufacturing of products like (computer, car, etc) while operations management cover both products and services. Extractive or Primary Production Manufacturing and Constructive or SecondaryProduction Services or Tertiary Production 43. It often applies to the organizational functions in charge of the entire production activities, including volume, cost and quality associated to them. The nature of production management is to drive the development of the product for the company and business.

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