Principle of Management

There are basically four functions of management.

  1. Planning
  2. Organising
  3. Staffing
  4. Directing
  5. Controlling

These are the main principle of management which plays a vital role when it comes to effective management in the organisation.

Importance & Functions of Production Management –

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production management

Abstract:

Production management is concerned with the creation of products and services using a business model. They’re also relevant in service and manufacturing businesses. The application of management and concepts to the production function in a factory is referred to as production management.

Production management, in basic terms, entails the planning, coordinating, directing, and controlling of the manufacturing process. It holds a critical position at the heart of an enterprise, balancing the need to deliver value to the business (typically profit) with what consumers want and what’s technically and operationally feasible. This article aims to elaborate importance and functions of production management.

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Production Management – Meaning | How it works?

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production management

In its simplest meaning, production management means controlling, planning, organizing and directing, and executing the production activity. It can also be said as the supervision of the 6 Ms, namely Men, Methods, Material, Management, Money, Machine, Market. Production management is the efficient management of a production process.

Production management also entails decision making, such as how much costs shall be incurred in particular production practice, how much raw materials shall be supplied, what kind of machine usages shall be taken under consideration, the manpower that shall be needed for a smooth and hustle free production, etc. are to be decided by the production manager.

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Controlling in Management | Definition, Limitation and Importance of Controlling

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Controlling in Management: Controlling is one of the important function of a manager. Controlling function of a manager is the most common function. Managers at all level of management – Top, middle and lower need to perform controlling function to keep control over activities in their areas.   In order to seek planned result from the … Read more

Customer Relationship Management | Importance, Process and Objectives

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Nowadays, in the global or domestic or digital market, there is cut-throat competition among various companies offering the same kind of services or products. Therefore, customer retention became a hard nut to crack. In this circumstance, customer relationship management (CRM) plays a vital role in sustaining and building the customer.    In this article, we … Read more

Staffing in Management

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Staffing in Management:     The foundation of any small or big organisation is talented and hard-working employees who are the main assets of any company. It is believed that an organisation can achieve its goal only when it has the right person in the right position. Therefore, Staffing in Management is one of the essential processes for establishing … Read more