This document discusses production management and its objectives. Production management involves coordinating all activities required to make a product, including the 5 Ps: products, planning, process, programs, and people. The objectives of production management are to produce the right quality and quantity of goods within a predetermined time and cost while utilizing manpower, materials, and support services. Production management is defined as managing the conversion of inputs like materials, energy, and information into outputs like goods and services. It involves selecting, designing, operating, controlling, and updating the production system.