Production and Operations Management
Introduction to Production
Rajat Agrawal (rajatfdm@iitr.ac.in)
DEPARTMENT OF MANAGEMENT STUDIES
1
What is Manufacturing
• A process of value addition
2
Sources of Wealth Creation
• Agriculture
• Manufacturing
• Services
3
Manufacturing is a Value addition Process
Raw Material
Processing
Product
(Manufacturing
output)
4
What is value and what is not?
Value : something which helps in improving
customer satisfaction.
Something which is not improving customer
satisfaction is non value.
5
Thank You
6