production (noun, pro-duc-tion, \ prəˈdʌkʃən \) management (noun, man-age-ment, \ ˈmænɪdʒmənt \)
Definition: is the process of coordinating and overseeing the activities and operations performed by an organization that are needed to manufacture a product. Production management usually includes competent scheduling, cost and quality control, performance supervising, and waste management with all of these activities aimed at satisfying the needs of the company’s clients in the most profitable manner. Additionally, this process uses management principles that improve the decision-making processes inside the manufacturing department and grant a company more control over the production of a good.
In a Sentence:
- Thanks to our production management, we were able to save twenty percent on materials and lower the price for our keyboards to attract new customers.
- Our recent reports show a marginal increase in our manufacturing volume which would be impossible without the production management process implemented last quarter.
- Investing in production management is always a great idea since it allows increasing the efficiency of all processes occurring in the manufacturing department.
Synonyms and related words: operations management, waste management, personnel management, management
