Control has two basic purposes namely (i) to facilitate coordination, and (ii) to help in planning. A good control system provides timely information to the management which is very much useful for taking various actions for the efficient operation of the organizational processes.
Yes, generally speaking there are two types: preventive and detective controls. Both types of controls are essential to an effective internal control system.
Control is installing processes to guide the team towards goals and monitoring performance towards goals (Batemen & Snell, 2013). The purpose of the control function is to ensure that the organization makes progress towards the established goals.
Controlling means to make sure that the activities in an organisation are performed as per the plans. The controlling function finds out how far actual performance deviates from standards. It analyses the causes of such deviations and attempts to take corrective actions based on the same.
Features of controlling: Controlling is a goal-oriented function. Controlling is a pervasive function. Controlling is a continuous process.
Three basic types of control systems are available to executives: (1) output control, (2) behavioural control, and (3) clan control. Different organizations emphasize different types of control, but most organizations use a mix of all three types.
Managing a company that sells motorcycles on credit is an example of controlling in management. The four-step process of management's regulating function includes: Setting work performance standards. Monitoring actual performance.
Controlling refers to the process of measurement of performance against the standards, measuring deviations and taking corrective action to achieve predetermined goals.
Example Sentences
Her family controls the business. One country controls the whole island. The rebel army now controls nearly half the country. The lights on stage are controlled by this computer.
Keeping an accurate inventory, tracking sales numbers, and using email lists and phone numbers to stay in touch with customers are also examples of controls that can be used after a purchase to monitor satisfaction and drive future sales.
The coordination of materials, equipment, and human resources to achieve production and operating efficiencies is called production control. Two of its key aspects are routing and scheduling.
Controlling as a Process
The controlling process involves: Establishing standards to measure performance. Measuring actual performance. Comparing performance with the standard.
Through production control, the system can identify areas of waste and implement a strategy to reduce the amount of waste produced. Production control can also account for downtime or maintenance, which enables a steady flow of output and eliminates any areas of wasted productivity.
Benefits of Production Planning and Control
Reduced investment in inventory. Reduced production cost by increasing efficiency.
Land, labor, and capital as factors of production were originally identified by early political economists such as Adam Smith, David Ricardo, and Karl Marx. Today, capital and labor remain the two primary inputs for processes and profits.
Controls help to better define an organization's objectives so that employees and resources are focused on them. They safeguard against misuse of resources and facilitate corrective measures. Having good records means management will better understand what happened in the past and where change can be effective.
Production Planning and Control aims to ensure cost-efficient and timely manufacturing of goods by coordinating with multiple departments. Its focus is to ensure the delivery of goods within the stipulated time to enhance customer satisfaction.
The main methods of production are: job production. batch production.
A well planned production function will lead to good quality products, higher rate of production and lower cost per unit. The consumers will be benefitted from prices of goods and will get good quality products.
These elements are the famous “3 p's of manufacturing”: people, processes, and products.