Commerce

PRODUCTION, INVENTORY AND QUALITY
MANAGEMENT OF NAVNIDH PHARMA LAB
BY GROUP 12
INTRODUCTION
❑ It is a partnership firm established in 1981.
❑ It a leading manufacturer in India.
❑ Their products are:
Sodium citrate ,High quality calcium citrate, Potassium chloride,
Magnesium sulphate, Sodium citrate anhydrous, Sodium sesqui citrate,
Calcium citrate, Sodium citrate, Citric acid.
First chemical
Sodium
is dissolved in
citrate
de-motor
Second
Then it is
chemical is
brought in
added while
centrifuge
charging
Charged in
Multi-mill
dryer
PRODUCTION PROCESS
•Production Systems
•Intermittent Systems
•Batch Production
•Job Production
•Project Production
•Continuous Systems
•Mass Production
•Process Production
PRODUCTION PLANNING & CONTROL (PPC)
Meaning :
Production Planning And Control is an important task

of Production Manager. He has to see that production
process is properly decided in advance and it is carried out as
per the plan. Production is related to the conversion of raw
materials into finished goods. This conversion process
involves a number of steps such as deciding what to produce,
how to produce, when to produce, etc.
Importance of Production Planning and Control
1) TEAM WORK 2) QUALITY CHECK 3) COST REDUCTION
4) BETTER CONTROL 5) MORE EFFECTIVE USE 6) GOODWILL

OF INVENTORY OF LABOURS &
EQUIPMENT
STEPS IN PRODUCTION PLANNING AND
CONTROL
1.ROUTING
● • Determining what to make and purchase.
● • Decision on quality and quantity of materials required.
● • Determination of lot sizes.
● • Decision on scrap factors.
● • Preparation of route sheet.
● • Preparation of production control forms.
2.LOADING
● • Computation of total time required.
● • Multiplying operation time with parts to be processed.
● • Add total time to planned work.
● • Tabulated list.
3.SCHEDULING
• Production activities
• Start time
• Finish time
• Time table
4.Dispatching
• Arrangement of machine and tools
• Procurement of raw materials
• Issuing orders and instructions
• Maintaining proper record
5. Follow-up
• Measuring production
• Corrective measures
• Implementing corrective measures
• review
Productivity
● Productivity describes various measures of efficiency of production.
● A productivity measure is expressed as the ratio of output to inputs used in a
production process, i.e. Output per unit.
● Can raise living standards because more real income improves people’s ability to
purchase goods and services , enjoy liesure ,etc.
Types of Productivity
● Labour Productivity
● Capital Productivity
● Material Productivity
● Total Factor Productivity
Inventory Management
Concept
● Inventory management is the management of

inventory and stock. As an element of supply chain
management, inventory management includes
aspects such as controlling and overseeing ordering
inventory, storage of inventory, and controlling the
amount of product for sale.
• The definition of Inventory Management is easy to

understand. Simply put, inventory management is all
about having the right inventory at the right quantity,
in the right place, at the right time, and at the right
cost.
Objectives Of Inventory Management
● Protection of stores
● Minimizing loss
● Correct valuation
● Proper use of funds
● Balancing for results
● Keeping optimum inventory
● Ensures continuity of supply
TECHNIQUES OF INVENTORY CONTROL
● ABC ANALYSIS
● JUST IN TIME (JIT) METHOD
● ECONOMIC ORDER QUANTITY (EOQ)
● VED ANALYSIS
● MATERIAL REQUIREMENTS PLANNING (MRP) METHOD
● MAPICS
CONCEPT OF JIT METHOD
● Relatively new concept introduced by Taiichi Ohno , the VP of Toyota
● A strategy which used to increase efficiency and decrease waste by receiving

goods only as they need them for the production process, which reduces
inventory costs.
● Helps In planning and implementing production activities in a smooth and

integrated process to produce the components needed for subsequent
activities.
OBJECTIVES OF JIT METHOD
GAIN COMPETITVE ADVANTAGE AVOID WASTE NO WAITING TIME
IMPROVE RESPONSIVENESS TO
FLEXIBILITY TO ACHIEVE PERFECT QUALITY
CUSTOMERS
QUALITY CONTROL
● Quality control (QC) is a procedure or set of procedures intended to ensure that

a manufactured product meets the requirements of the client or customer.
IMPORTANCE OF QUALITY
CONTROL
● Satisfaction of consumers
● Increased goodwill
● Increased sales
● Effective utilisation of resources
● Higher morale of employees
● Effective advertisement
SAMPLING INSPECTION
● *What is sampling ?
● *Types of sampling inspection.
● *Advantages of sampling inspection.
● *Steps involved in sampling inspection.

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PRODUCTION, INVENTORY AND QUALITY

MANAGEMENT OF NAVNIDH PHARMA LAB

Production Planning And Control is an important task

4) BETTER CONTROL 5) MORE EFFECTIVE USE 6) GOODWILL

● Inventory management is the management of

• The definition of Inventory Management is easy to

● JUST IN TIME (JIT) METHOD

● ECONOMIC ORDER QUANTITY (EOQ)

● MATERIAL REQUIREMENTS PLANNING (MRP) METHOD

● A strategy which used to increase efficiency and decrease waste by receiving

● Helps In planning and implementing production activities in a smooth and

GAIN COMPETITVE ADVANTAGE AVOID WASTE NO WAITING TIME

● Quality control (QC) is a procedure or set of procedures intended to ensure that

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