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⏩ Production Management
⏩ Marketing Management
⏩ Material Management
⏩ Financial Management
⏩ Purchase Management
⏩ Personal Management
1. PRODUCTION MANAGEMENT
Production management is concerned with the manufacture of goods & services. It deals with the co-ordination of production operations of an enterprise. The main problems involved in production management are plant location & layout, production, plant facilities, purchasing & inventory control, quality & cost control repair & maintenance etc.
2. MARKETING MANAGEMENT
Marketing is a process which carries goods from producer to consumer. Marketing bridges the gap between consumer & producer, In marketing management decisions have to be made regarding product design, brand name, pricing, channels of distributions, advertising & sales promotion.
3. MATERIAL MANAGEMENT
Material management is concerned with control of materials in such a manner, which ensures maximum return on working capital, Material management includes scientific purchasing, storage & handling of materials with minimum wastage.
4. FINANCIAL MANAGEMENT
Financial management refers to the procurement & effective utilisation of funds required in business. finance is the life blood of an Organization. No business can run smoothly without finance.
5. PURCHASE MANAGEMENT
Purchase manager is concerned with the procurement of proper equipment, materials & supplies of the quantities at the prices & at the right time. The purchase department is linked very closely with the production department. Purchasing is responsible for spending the largest portion of a company 's budget.
6. PERSONAL MANAGEMENT
Personal management deals with people. It consists of managing the human resources. Personal management is concerned with the recruitment, selection development, comparison wages & salary administration, performance appraisal & industrial relations etc.
Topic : Scope of Management..... 👇
The scope of Management is wide enough to covet all organised activities & processes. The scope of Management is also known as branches of management. These are as Under :⏩ Production Management
⏩ Marketing Management
⏩ Material Management
⏩ Financial Management
⏩ Purchase Management
⏩ Personal Management
Production management is concerned with the manufacture of goods & services. It deals with the co-ordination of production operations of an enterprise. The main problems involved in production management are plant location & layout, production, plant facilities, purchasing & inventory control, quality & cost control repair & maintenance etc.
2. MARKETING MANAGEMENT
Marketing is a process which carries goods from producer to consumer. Marketing bridges the gap between consumer & producer, In marketing management decisions have to be made regarding product design, brand name, pricing, channels of distributions, advertising & sales promotion.
3. MATERIAL MANAGEMENT
Material management is concerned with control of materials in such a manner, which ensures maximum return on working capital, Material management includes scientific purchasing, storage & handling of materials with minimum wastage.
4. FINANCIAL MANAGEMENT
Financial management refers to the procurement & effective utilisation of funds required in business. finance is the life blood of an Organization. No business can run smoothly without finance.
Purchase manager is concerned with the procurement of proper equipment, materials & supplies of the quantities at the prices & at the right time. The purchase department is linked very closely with the production department. Purchasing is responsible for spending the largest portion of a company 's budget.
6. PERSONAL MANAGEMENT
Personal management deals with people. It consists of managing the human resources. Personal management is concerned with the recruitment, selection development, comparison wages & salary administration, performance appraisal & industrial relations etc.
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