Video Includes: *Meaning of Production *Production System *Production Management Intro *Production Management Objectives, Scope and Importance Production Management refers to the application of management principles to the production function in a factory. In other words, production management involves application of planning, organizing, directing and controlling the production process. Production Management refers to the application of management principles to the production function in a factory. In other words, production management involves application of planning, organizing, directing and controlling the production process. In modern times production management has to perform a variety of functions, namely: (i) Design and development of production process. (ii) Production planning and control. (iii) Implementation of the plan and related activities to produce the desired output. (iv) Administration and co-ordination of the activities of various components and departments responsible for producing the necessary goods and services. However, the responsibility of determining the output characteristics and the distribution strategy followed by an organization including pricing and selling policies are normally outside the scope of Production Management.