Horti-Business Management (2+0)

Production / Operations Management

• In general, operations management refers to management of all operations of a production unit. So it may be interchanged with production management. Production is a system for converting inputs into finished products. The production often refers to manufacturing industries. Yet, in reality, production can be defined as the creation of value or wealth by producing goods and services.
  
• Production management refers to planning, organization, direction, co-ordination and control of the production functions carried out in such a way that the desired goods or services could be produced at the right time, in right quantity and at the optimum cost.