Facility Location Meaning, Definition, Importance, Types, Need
Facility location refers to the specific spot where, in consideration of the entire business, the total cost of production and delivering goods to all consumers is minimized.
Production and Operation Management
Product Design Definition, Meaning, Characteristics, Objectives, Types, Importance
Product design can be defined as “the translation of intellectual wisdom, requirements of the entrepreneurs, needs of the consumers, etc., into a specific product”.
Capacity Planning Meaning, Definition, Process, Aspects
Capacity planning specifies the production capacity required by an organization to meet changing product demands. It is a long-term strategic decision that establishes a company’s overall level of resources.
Productivity Meaning, Importance, Variables, Factors Influencing
Productivity is one of the primary performance criteria for evaluating a production system. It is a function of the production, input, and output relationship. Productivity improvement occurs when a given output is achieved with less information.
What is Production System Characteristics, Model, Design
A production system is a set of interrelated components or subsystems that receive inputs from the environment and transform them into desirable outputs (products or services). A production system encompasses all the functions required to design, produce, distribute, and service the manufacture of a product.
Material Requirement Planning Objectives, Functions, Process, Benefits
Material Requirement Planning is a management tool that guarantees the availability of materials, components, and parts at the right time, facilitating the completion of finished products according to master production schedules.