Important of production planning, Operation Management

Assignment Help:

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


Related Discussions:- Important of production planning

Describe contract types has the greatest risk with the buyer, Which of the ...

Which of the following contract types has the greatest risk with the buyer? Answer Cost sharing Cost-Plus-Incentive-Fee Firm-Fixed-Price Fixed-Price-Incentive-Fee

Explain limitations of budgets, Explain limitations of budgets. Limita...

Explain limitations of budgets. Limitations of Budgets : (i) Since budget is based on calculates approximately, that is, estimated sales, estimated business conditions and

Explain contrast push and pull methods of moving goods, Contrast push and p...

Contrast push and pull methods of moving goods and materials through production systems

Customisation - service process matrix, Customisation - Service Process Mat...

Customisation - Service Process Matrix Customisation reflects the degree to which the service provided is tailored to the needs of the customer. Organisations which have a hig

Carl thor - performance measures, Carl Thor - Performance Measures Car...

Carl Thor - Performance Measures Carl Thor (1994) highlights the 'family of measures' concept and the alignment of measures across a company. He describes five measurement cat

Explain the basic economic order quantity, The basic Economic Order Quantit...

The basic Economic Order Quantity (EOQ) model can be considered a special case of the Economic Production Quantity (EPQ) model under which of the following condition? Answer The

Economics, Economics issues and operation research solutions

Economics issues and operation research solutions

Explain critical risk regardless of progect size or scope, Select three top...

Select three top most critical risk regardless of progect size or scope. Justify your selection. Suggest strategies for the manager to address each type of risk selected.

Explain team meetings can be helpful, Team meetings can be helpful. Interor...

Team meetings can be helpful. Interorganizational conflict is conflict that arises across organizations. What are sources of conflict?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd