WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 9, 2012
Industrial Production Management: Tendencies and Reflections
Author: Emmanouil Katsanos
Abstract: Modern Management can be thought of as a synergy between humans and machines in order to produce value. Management determines the relationships of the company with its environment by taking into account the production process, the type of products produced, the purchasing power, the geographical dispersion and the effect of the society on the company. This means that managers need to have a deep understanding of theories, methodologies and systems of industrial production Management in order to take appropriate decisions. This paper analyzes such theories, methodologies and systems from various perspectives and presents a critical review of the information required to take decisions in the various production systems. The paper closes with research findings describing the tendencies and necessary requirements for an efficient industrial production process.