Important of production planning, Operation Management

Important of Production Planning

The importance of production planning maybe judged form the following facts.

1. Production Planning Sets Objectives: Production planning sets objectives for an enterprise. In accomplishing its objectives for an enterprise, it chooses out best out of available alternatives considering the available resources of the plant. Production planning in normal conditions may be applied mathematically for selecting the best alternative course, which may yield the desired and predetermined results at the minimum cost on the basis of known facts. After selecting the best alternative it become imperative to prepare a plan to achieve the goal.

2. Facing the unforeseen conditions : Under abnormal conditions production planning proceeds it helps in meeting out the risk of uncertainly at operational stage because production manager takes care of difficulties which may be faced subsequently .

3. Best Utilization of Resources: Production planning helps in utilizing the available resources in the possible manner because it helps in coordination of the working of various individuals and department of the concern which leads to better utilization of time efforts and materials. It ensures the best use of available plants and regular supply or raw materials and other things for the production of goods and services.

4.Basis for control: Production planning provides the basis for production control, which is also major function of production manager. As a matter fact, production planning and control a are inseparable because unplanned work cannot be controlled. Product in planning sets the targets quantitatively and also qualitatively a and fixes the standard time for completing the job whereas production control keeps the operations along with the predetermined course of action by minimizing deviation from standards. Reasons for deviation are located and then removed in the next planning process

Posted Date: 1/22/2013 6:27:43 AM | Location : United States







Related Discussions:- Important of production planning, Assignment Help, Ask Question on Important of production planning, Get Answer, Expert's Help, Important of production planning Discussions

Write discussion on Important of production planning
Your posts are moderated
Related Questions
"Course Wrap-Up" Please respond to the following: Identify three concepts from your graduate course work that you found to be of significant value and explain how you plan to apply

After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine

Have to set up a Blog for the my inanganiry business, The Business is called "Senior Village" its a whole city in a gated community, the Seniors will not have to leave the grounds

Hierarchical planning in operations/production management and types of time frames in each hierarchy

What are the advantages of the chase demand strategies? The advantages of the chase demand strategies are as illustrated below: a. Flexible utilisation of resources for inst

Malpass International has been reliant on a legacy human resource management database for the past 12 years. Now, senior management has approved funds for a complete replacement. T

How can the project baseline and the earned value approach for variance analysis be used to monitor and report project progress?

What is the advantage of using digits to enter categorical data rather than using words or letters?

Imagine you are creating a marketing plan for a company that will sell kites. As you consider the marketing program, what types of strategy should you consider including in the pla

Question 1: Describe the goals and programs of strategic plan. Definition of goals and importance of goals Action plans Characteristics and execution of action plan