Production Management 1

Question 1

Production

Answer 1

Production refers to the economical configuration and execution of the
transformation of available production factors in products,
internal activity, or performances by
the means of industrial production methods.
Industrial production usually comprises production of
components and assembly of such.

Question 2

Factors of production

Answer 2

are those tangible and intangible goods that are utilized and used up in production in order to produce new goods and
products.

Traditional economic theory differentiates
• Labour
• Land
• Capital

Question 3

Factors of production

according to Gutenberg

Answer 3

• Elementary factors (Materials, Operating resources/ Means of production, Object-related labour);
• Dispositive factor;

Question 4

Targets of Production Management

Answer 4

• Cost Targets: Production costs, Product costs;
• Time targets: keeping deadlines, through-put time;
• Result targets: product quantity, product quality;

Question 5

Tasks of Production Management

Answer 5

1. Design of production systems:
   - production planning,
   - production capacity,
   - depth of penetration,
   - process type,
   - type of organisation,
   - production method,
   - quality control
   - production layout
2. Execution of production, planning and controlling

• Program planning;
• Production volume;
• Schedule and capacities;
• Production control;