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Production Planning and Control - Definition
According to Alford and Beatty " Production planning and control comprise the planning routing scheduling dispatching and follow up function in the productive process as organized that the movements of material performance of machines and operations of labor. However subdivided are direct and coordinated as to quantity quality time and place. It is adopting as business principle the old saying plan your work and work your plan. The many systems which have been devised are merely tools or helps in accomplishing this purpose. The system which is finally adopted should be as simple and economical as possible and yet be effective in producing the product for delivery when promised , of the proper quality and at the proper cost.
According to Charles Akoepke" Production planning and control may be defined as the coordination of series of functions in the productive process, as organized that the movement of material performance of machines and operations of labor, however subdivided are direct and coordinated as to quantity quality time and place. It is adopting as business principle the old saying plan your work and work your plan.
According to Alford and Beatty " Production planning and control comprise the planning routing scheduling dispatching and follow up function in the production process so organized that the movement of material performance of machines and operation of labor, however subdivided are directed and coordinated as to quantity time and place.
advantages of simple regression method for cost estimation.
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