Importance of Production Management in 21st century.

 The importance of production management is very wide.It plays an important role for the survival,growth and profit maximization of organization.Some important objectives are as below-

1.It helps to achieve objectives of organization.

2.It fulfills need,want,desire of customers.

3.It increases the living standard of common man.

4.It makes production effective,efficient and economical.

5.It helps optimum utilisation of resource and make production maximum.

6.It improves the feature of product like quality,quantity,shape,size,colour,taste etc.

7.It increases the name,fame,goodwill and makes it brand.

8.It supports other department like Marketing,Human resource,Finance to perform concern function by effective,efficient way.

9.It helps to crush competition of market.

10.It helps to reduce cost of product.

11.It generates employment.

12.It helps to develop economy.

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