Preview

Production Management

Powerful Essays
Open Document
Open Document
7097 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Production Management
CHAPTER I BACKGROUND OF THE STUDY AND ITS SETTING

Introduction
Today, we are living in a fast-paced world where the use of technology is highly needed in a business to cope-up with our changing world. As the years go by, the business world is leaning more and more toward it, making it almost impossible to separate the two from each other. Technology, provides us everything that we need, from doing simple calculations to programming a system to help a business become competitive.
One of the foundations of a successful business is a good business strategy. In order for a business to achieve such goal, they use different types of information systems. With the advancement offered by technology, the development of different information systems was made possible.
Manufacturing requirements are determined based on sales forecast, customer orders or inventory targets. Production schedule is generated with information provided by different modules such as customer order, inventory, manufacturing order and purchase order. With this schedule, management can effectively plan the production, monitor the inventory movement and set the production target. Furthermore, the system provides tools to analyze productivity and its production cost given the schedule and the actual production for a certain period.
Nowadays, production management system has been developed not only to serve the needs of production but it caters to the needs of sales and their customers as well. With the enhanced production management system, the sales activity becomes more efficient. Features are provided where customer satisfaction is met. Because of accurate and on time sales information of customer orders, production and its plan is easily done. An effective control of inventory and cost is achieved.
Philippines, as a popular marketplace around the world, have different type of companies within. One of those companies is the Flying House General Enterprises, Inc., they specialized in



References:

You May Also Find These Documents Helpful

  • Good Essays

    The flow of information plays a major role in today’s business operations. Information can simply mean anything that has value to a company. In order for information to stay relevant in an organization it must rely on technology. All of the normal business operations need some sort of IT system to process the information in order for the business to operate efficiently and professionally. Having IT systems can save the organization valuable time in retrieving information. IT systems assist organizations from analyzing information, prevention of large-scale human error and decrease in inaccurate information. IT systems have assisted in the growth of many organizations by simply organizing vital and valuable information. If an organization wants to grow and excel, then it needs to embrace its information and its technology because it will be the key factor to its success.…

    • 614 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Today, people use their knowledge, technical tools, and operating systems to enhance their daily lives. Business technology is used to enhance the workplace and over the last decade, has changed rapidly. Technology has advanced so greatly, specialists are used to work and control the software or hardware used in today’s organizations. Technology today is the main focus of most companies as without it, they will become stagnant in the business world and lose the competitive edge. The uses of technology gives companies the cutting edge over other companies with the ability to cut costs, increase production, and require less resources. Businesses throughout the world are spending more money on research and development of technology to promise customer satisfaction.…

    • 1105 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Toyota production system. (2000). In P. M. Swamidass (Ed.), Encyclopedia of production and manufacturing management (pp. 812). Boston: Kluwer Academic Publishers. Retrieved from http://go.galegroup.com.ezproxy.libproxy.db.erau.edu/ps/i.do?id=GALE%7CCX3042500855&v=2.1&u=embry&it=r&p=GVRL&sw=w&asid=fcfb8d8df225f1187dd944b902adc41c…

    • 2412 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    Due Tuesday October 16, 2012 1.1 Eastman publishing Company is considering publishing a paperback textbook on spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and production setup is estimated to be $80,000. Variable production and material costs are estimated to be $3 per book. Demand over the life of the book is estimated to be 4,000 copies. The publisher plans to sell the text to college and university bookstores for $20 each. a. What is the breakeven point? b. What profit or loss can be anticipated with a demand of 4,000 copies? c. With a demand of 4,000 copies, what is the minimum price per copy that the publisher must charge to break even? 1.2 Creative Sports Design (CSD) manufactures a standard-size racket and an oversize racket. The firm’s rackets are extremely light due to the use of a magnesium-graphite alloy. Each standard-size racket uses 0.125 kilograms of the alloy and each oversize racket uses 0.4 kilograms; over the next two-week production period only 80 kilograms of the alloy are available. Each standard-size racket uses 10 minutes of manufacturing time and each oversize racket uses 12 minutes. Also, 40 hours of manufacturing time are available each week. The profit contributions are $10 for each standard-size racket and $15 for each oversize racket. How many rackets of each type should CSD manufacture over the next two weeks to maximize the total profit contribution? a. Define decision variables and formulate the problem. b. Solve the problem using the graphical method. 1.3 Management of High Tech Services (HTS) would like to develop a model that will help allocate their technician’s time between service calls to regular contract customers and new customers. A maximum of 80 hours of technician time is available over the two-week planning period. To satisfy cash flow requirements, at least $800 in revenue (per technician) must be generated during…

    • 1710 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Technology has made communication with people across the globe as easy as pushing a button. Technology is constantly changing, which helps increase productivity and save money. Businesses are quick to adapt to the change. Enhancing the experience of a worker or improving the bottom line is what business look for when they adopt new forms of technology. Employees are expected to…

    • 747 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Technology has become a vital and integral part of every organization. From multi-national corporations who maintain mainframe systems and databases to small businesses that own a single computer, technology plays a role. Technology has become indispensable because it has made its way into all the areas of an organization.…

    • 1175 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    The purpose of this project is to implement computer software and hardware to automate production and value chain management in order to increase productivity of the company and reduce production costs. This project will implement three components of a single unifying system to improve the inventory management and control at Riordan Manufacturing based on the goals of each of three areas of the manufacturing processes. Raw materials receiving will receive a computerized inventory check-in system. Manufacturing will receive a computerized project management system. Final product shipping will receive a computerized sales and order fulfillment system. Users in each of the three categories of inventory management and control will receive training in operations of the new technology to be implemented.…

    • 1945 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    pcs guide

    • 3140 Words
    • 13 Pages

    This develops application for integrative approach of various functional areas of manufacturing and production, and formulates an efficient production system to be set for an existing factory or new factory setup. Capacity Allocation & Other Planning techniques…

    • 3140 Words
    • 13 Pages
    Best Essays
  • Powerful Essays

    In this report will be analysed the current production line of a manufacturing company that produces three different products. Because the system is consuming too much resources and it’s not very efficiently, ways to improve all this factors is needed. By identifying the bottleneck an alternative solution can be proposed for this problem.…

    • 5613 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Production management includes all aspects of management techniques in manufacturing, which is necessary to understand for any engineers working in any enterprises. It is closely related with business and has been become science. This course is specially provided for the trainers who will disseminate the basic idea of production management to the people who are working in manufacturing enterprises.…

    • 10545 Words
    • 43 Pages
    Powerful Essays
  • Powerful Essays

    Materials Request

    • 5451 Words
    • 22 Pages

    Kumar, A, 2004. PRODUCTION PLANNING AND CONTROL. ., [Online]. ., .. Available at: http://www.du.ac.in/fileadmin/DU/Academics/course_material/EP_08.pdf [Accessed 25 January 2012].…

    • 5451 Words
    • 22 Pages
    Powerful Essays
  • Good Essays

    Production Management

    • 7322 Words
    • 30 Pages

    * Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product (business) provides certain information to a vendor (supply chain)supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location (usually a store). A third-party logistics provider can also be involved to make sure that the buyer has the required level of inventory by adjusting the demand and supply gaps.…

    • 7322 Words
    • 30 Pages
    Good Essays
  • Powerful Essays

    Technology indeed has changed how most businesses are done today. Technological advancements have undergone in the last couple of years. More and more developments seem to be happening with great minds of people at work. The reality that business itself has become technology makes a difference when comparing it during the past decades. Technology has dramatically revolutionized the way businesses work. From traditional to automated, from simple to complex, these are all changes brought with the adaption of technology, making it a part of the underlying dimensions of establishing a successful business,…

    • 4180 Words
    • 17 Pages
    Powerful Essays
  • Powerful Essays

    It Assignment

    • 2401 Words
    • 10 Pages

    Information technology has been growing rapidly over the last decade. In our ever increasingly competitive, technologically advanced and profit motivated global economy, all factions of the business community are searching for opportunities to strategically reduce inherent business and operational costs while systematically increasing their profitability and revenues. As a result, it is essential for today’s business companies to implement Information Systems in their operation. A well established Information System can help a company operate its business efficiently and effectively. Hence, it is strongly recommended that today’s companies implement the suitable Information System for the well-being and growth of their respective businesses.…

    • 2401 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Thus, Malaya and Lumber Construction Supply, the subject of this study, is in need of an inventory and sales software to help them identify inventory requirements, set targets, and report actual and projected inventory status. The introduction of an automated system hopes to optimize the inventory levels and eliminate stock-outs.…

    • 2792 Words
    • 12 Pages
    Powerful Essays

Related Topics