Production Management involves application of planning, organizing, directing and controlling the production process of a company. In simpler words, it refers to the application of management principles to a function in a company. Production management is not a one-size fit all solution to all the problems in a company. It is interlinked to other vertices of business like marketing, finance, industrial relation and policies.
Production Management can be defined in many forms. It can be described as the process of effective planning and regularization of operations of a section which is responsible for turning materials into finished products. It can also be defined as the decision making steps related to production practices so that the goods are produced in accordance to company, industrial policies, and manage demand schedule with optimum cost.
The vast majority of Phd scholars in Production Management are placed in educational institutions as faculties and monitor research teams there.
A Ph.D. in Production Management certifies a research scholar in pursuing an academic career of an educator or a researcher. If you are wondering why to choose an academic career over MNC jobs, then let us look the few benefits of an academic career. An academic career gives you fabulous opportunities for intellectual freedom and excellent chances of working with the bright youths our entire life. Ph.D. in production management gives you a chance to create change through your research work that you have created and shape thousands of lives by contributing as a teacher. A research scholar scoring a Ph.D. in production management becomes a part active researchers of healthy communities pursuing their interests a wide variety of options such as technology management, supply chain management, environmental operations, revenue management new product development, and operations strategy. In your research, you will be focusing on empirical as well as analytical methods of problem solving.
The primary goal set for a student pursuing a Ph.D. in production management is to educate the researchers and young faculties of future to enhance the scientific solutions for the problems currently that current production managers are facing.
There is a vast range of topics available for students pursuing their Ph.D. in production management to research on, such as:
- Supply chain management
- Just-in-time manufacturing
- Strategic operations
- Shop floor control
- Development of new products
- Energy systems
- Energy and commodity merchant operations
- International operations
- Inventory control
- Kanban systems
- Revenue management
- Healthcare management
- Real options
- Service operations
- Manufacturing and design interface
- E-commerce and internet applications
- Finance, marketing, and information systems in association with manufacturing interfaces
- Industrial organizations: human resource practices and learning
- Computer integrated and automation manufacturing
- Quality administration and other associative aspects of plant operations
It is the work of production researcher to produce goods and services of proper quantity and right quality at a pre-established cost and in the predetermined time.
Hence if explained in a summary the objectives of production management is:
- Veracious Quality
- Precise Quantity
- Time bound
- Pre-established cost or the manufacturing cost
It is the work of production management team to formulate ways to achieve the above-described objectives and for that the need to find means of making the optimum use of all available inputs such as materials, men, and machine.
The functions of a Production Management team includes:
- Design of production process.
- Production planning and control.
- Implementation of plans to achieve desired output.
- Administration and coordination of activities involving many teams.
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