nansen
Uploaded by
11 SLIDES
263 VUES
110LIKES

Managing Production Systems

DESCRIPTION

Managing manufacturing systems is crucial for successful product development, cost efficiency, and market penetration. This process involves creating new products, ensuring low-cost manufacturing, and implementing marketing strategies. Key aspects include conducting market research, R&D for new materials, and quality control (QC) during production. Safety compliance with OSHA and environmental regulations from the EPA is essential. Additionally, establishing effective servicing plans for products after warranty periods and robust financial management strategies, including cash flow analysis, are necessary for business sustainability.

1 / 11

Télécharger la présentation

Managing Production Systems

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Managing Production Systems (Managing Manufacturing Systems)

  2. Managing Manufacturing Systems • Managing manufacturing system involves • Coming up with new products • Developing and manufacturing these products • At low cost, selling and servicing these items • Requires team of management

  3. Managing Manufacturing Systems • Marketing • Market research • Potential market • Market gap analysis • Total market • Market share • R&D • Research: searching for new materials, processes etc • Development: Use of discoveries from research to solve problems • Prototyping

  4. Managing Manufacturing Systems • Production • Production Engineering or Productizing (changing a product design to make it easy to manufacture) • Next step: production • QC: quality control • Safety during production: OSHA (Occupational safety and health administration) • Environment: EPA (Environmental protection agency) • A company may get fined or even shut downed if it doesn’t follow OSHA or EPA rules

  5. Managing Manufacturing Systems • Servicing • A manufacturer must have a plan to take care of the products that need maintenance through WARRENTY • After warranty period the product becomes Through away • Repair plan may include • Setting up its own repair shop or center providing the service is cost effective, rapid etc. otherwise: • The maintenance job can be given to dealers instead.

  6. Managing Manufacturing Systems • Selling a product(Sales department put to work the plan made by Marketing dept.) • Direct sales • Sales representative (commission) • Dealers • Retail stores • Discount Distributors M C Payment SR M C Order Payment Payment D M C Order Order Small stock Payment Payment R M C Order Order Large & varied stock M: Manufacturer C: Customer SR: Sales Rep D: Distributor R: Retailer DD: Discount dist. Payment Payment D M DD C Order Order Small stock

  7. Managing Manufacturing Systems • Financing the manufacturing • A company’s survival depends upon its Financial management • A key tool in Financial management is the Business Plan • A Business Plan states goal of the business, methods required to reach them, capital required. • One of the most important part in a business plan is known as Cash flow analysis which tells if a business is running at a loss or is making a profit. • Most startups run at a loss. Most of the money, during this time comes from personal savings, venture capital etc. • Another way to generate money is through stocks. SEC (Securites and exchange commission)

  8. Managing Manufacturing Systems • Scheduling tool in manufacturing • PERT:Program Evaluation and review Technique

  9. Managing Manufacturing Systems • Common elements of management • Planning • Building design & financial arrangements, Market research and R&D • Organizing • Selecting Contractors, Selecting right labor for the right job • Leading • Solving disputes, promoting good work habits, selecting correct market • Controlling • Progress meetings, Monitoring product sales

More Related