Process & Methods Employed in Trans Formation of Tangible Inputs and Intangible Inputs into Goods or Service

Production:

Process & methods employed in Trans formation of tangible inputs and intangible inputs into goods or service.

Production System:

A system is a set of components arranged to carry out a particular functions. All system has inputs, process, and outputs.

Input Process Outputs

Factors of production:

1) Land: Natural resource used in the creation of products, paid in economic rent. Because they are simply irreproducible.

2) Labor: Human efforts provided in the creation of products paid in wage.

3) Capital goods: Human made goods used in the production of other goods, paid in interest.

4) Enterprise: It is necessary to tie up all factors with a proper management.

Production plan / scheduling:

Production plan / scheduling means planning how production work against an export order or an order which progress from cutting section to finishing in packing section.

Example: Production planning at the time of order taking:

W.O Line Item Order Qty in DZ Shipment date Status 11.06.12 12.06.12 13.06.12

102030 1-PADMA Long pant 750 15.06.12 Planned achieved 150 300 300

113245 2- MEGHNA Skirt 300 14.06.12 Planned achieved 50 125 125

Production planning at the time of order running:

W.O Line Item Order Qty in DZ Shipment date Status 11.06.12 12.06.12 13.06.12

102030 1-PADMA Long pant 750 15.06.12 Planned achieved 150

125 300

275 300

350

113245 2- MEGHNA Skirt 300 14.06.12 Planned achieved 50

50 125

100 125

150

Benefits of production planning or scheduling:

1) Improved use of available capacity.

2) Improved ' on time' materials availability.

3) Fewer Production stoppages & lower excess costs due to ' waiting time '.

4) Improved ' on time' delivery performance.

5) Lower ' air