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Introduction to Production Planning - Introduction to Operations Management

   Posted On :  22.06.2018 07:01 am

In any product manufacturing company, considerable time is spent on planning the output to be produced.

Introduction to Production Planning
 
 
In any product manufacturing company, considerable time is spent on planning the output to be produced. Production planning means to fix the production goals and to estimate the resources which are required to achieve these goals. It prepares a detailed plan for achieving the production goals economically, efficiently and in time.

It forecasts each step in the production process. It forecasts the problems, which may arise in the production process. It tries to provide remedial measures to resolve these issues. It also tries to remove the causes of wastage.
 
Thus, Production Planning may be defined as “Production Planning is concerned with the determination, acquisition and arrangement of all facilities necessary for future operations.”
 
Production planning provides answers for two major questions, viz.,
 
      What work should be done?
 
      How much time will be taken to perform the work?
 
So, production planning decides the ways and means of production. It shows the direction. It is based on sales forecasting. It is a pre-requisite of production control. 
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