What is Purchasing Management? Purchasing management, also known as procurement management, refers to the process of planning, acquiring, and managing the goods and services required by an organization to support…

What is Plant Location? Plant location refers to the process of selecting a suitable site or place for establishing a manufacturing facility or industrial plant. It is a critical decision…

What is Product Development? Product development, also referred to as new product development, is a process of generating ideas for the creation of a new product or service to be…

All production systems, when perceived at the most abstract outlook, can be deemed to be “transformation processes i.e., processes that convert resources into useful goods and services. The transformation process…

What is Production Management? Production management is a process that combines and transforms distinct resources utilised to produce an organisation’s sub-systems into value-added products or services in a defined and…