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Production Planning and Control (PPC)
Production in manufacturing comprise a series of steps by which material is given a new form to satisfy a predetermined objective, the change being brought about by the utilization of machines, tools and labor. In a broad sense, production includes the mental work of designing , planning controlling, recording ,and accounting as well the physical manipulation of material.
Production planning and control can be viewed as the nervous system of the production operation. This function aims at efficient utilization of material resources people and facilities in any undertaking, through planning. Co ordination and controlling the production activities that transform the raw material into finished products or components as a most optimal manner. All the activities in the manufacturing or production cycle must be planned, organized and controlled to its objectives.
Production planning and control comprises the a planning, routing scheduling despatching and follow up function in the productive process, so organized that the movements of material performance of machines and operations of labor however sub divided are directed and coordinated as to quantity quality time and place. It is adopting as a business principle the old adage of plan your work and work your plan. The many system 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.
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proof V=C((n/(n-1))^n)(r/(r*T+r)^n
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