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Characteristics of a good production plan - Introduction to Operations Management
Operations Management - Introduction to Operations Management
Characteristics of a good production plan - Introduction to Operations Management
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Any manufacturing or service company success and higher productivity highly depend upon an effective and efficient production plan. Effective planning is fundamental in any business; however, making a plan is not an easy task.
Characteristics of a good
production plan
Any manufacturing or service company success and higher productivity highly depend upon an effective and efficient production plan. Effective planning is fundamental in any business; however, making a plan is not an easy task. It is a complex process that covers a wide range of diverse activities, which relate and link materials, equipment and human resources available in the organisation and complete the work. Production planning is like a roadmap to reach destination set by the top management. It helps you know where you are going and how long it will take you to get there.
Advantages of an effective production plan and scheduling:
1. Reduces labour by eliminating wasted time and improving process flow
2. Reduces inventory costs by reducing the need for safety stocks and excessive work-in-process inventories
3. Optimizes equipment usage and maximizes capacity
4.
Utilizes
human resources to their full potential
5. Improves on-time deliveries of products and services
Any manufacturing or service company success and higher productivity highly depend upon an effective and efficient production plan. Effective planning is fundamental in any business; however, making a plan is not an easy task. It is a complex process that covers a wide range of diverse activities, which relate and link materials, equipment and human resources available in the organisation and complete the work. Production planning is like a roadmap to reach destination set by the top management. It helps you know where you are going and how long it will take you to get there.
Advantages of an effective production plan and scheduling:
1. Reduces labour by eliminating wasted time and improving process flow
2. Reduces inventory costs by reducing the need for safety stocks and excessive work-in-process inventories
3. Optimizes equipment usage and maximizes capacity
5. Improves on-time deliveries of products and services
Tags : Operations Management - Introduction to Operations Management
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