What is Production Planning? Meaning
blogspot.com//search?q=what-is-production-definition-meaning">Production blogspot.com//search?q=what-is-production-definition-meaning">planning agency to ready the production goals in addition to to guess the resources which are required to accomplish these goals. It prepares a detailed invention for achieving the production goals economically, efficiently in addition to inward time. It blogspot.com//search?q=what-is-production-definition-meaning">forecasts each blogspot.com//search?q=what-is-production-definition-meaning">step inward the production process. It forecasts the problems, which may arise inward the production process. It tries to take these problems. It too tries to take the causes of wastage.
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Production planning provides answers for 2 major questions, viz.,
- What piece of occupation should endure done?
- How much fourth dimension volition endure taken to perform the work?
So, production planning decides the ways in addition to agency of production. It shows the direction. It is based on sales forecasting. It is a prerequisite of production control.
Definition of Production Planning
According to Ray Wild, production planning is defined equally follows:
"Production Planning is concerned alongside the determination, acquisition in addition to organisation of all facilities necessary for hereafter operations."
Objectives of Production Planning
The need, master copy functions or objectives of production planning are equally follows:
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- Effective utilization of resources.
- Steady menses of production.
- Estimate the resources.
- Ensures optimum inventory.
- Coordinates activities of departments.
- Minimize wastage of raw materials.
- Improves the labour productivity.
- Helps to capture the market.
- Provides a amend piece of occupation environment.
- Facilitates character improvement.
- Results inward consumer satisfaction.
- Reduces the production costs.
Now let's speak over each objective of production planning ane past times one.
1. Effective utilization of resources
Production planning results inward effective utilization of resources, establish capacity in addition to equipment. This results inward low-cost in addition to high returns for the blogspot.com//search?q=what-is-production-definition-meaning">organization.
2. Steady menses of production
Production planning ensures a regular in addition to steady menses of production. Here, all the machines are seat to maximum use. This results inward a regular production, which helps to give a routine furnish to customers.
3. Estimate the resources
Production planning helps to guess the resources similar men, materials, etc. The guess is made based on sales forecast. So production is planned to encounter sales requirements.
4. Ensures optimum inventory
Production planning ensures optimum blogspot.com//search?q=what-is-production-definition-meaning">inventory. It prevents over-stocking in addition to under-stocking. Necessary stocks are maintained. Stock of raw textile is maintained at a proper grade inward club to encounter the production demands. Stock of finished goods is too maintained to encounter regular demands from customers.
5. Coordinates activities of departments
Production planning helps to coordinate the activities of dissimilar departments. For e.g. the marketing subdivision coordinates alongside production subdivision to sell the goods. This results inward net to the organization.
6. Minimize wastage of raw materials
Production planning minimizes wastage of raw materials. It ensures proper inventory of raw materials in addition to materials handling. This helps to minimize wastage of raw material. It too ensures production of blogspot.com//search?q=what-is-production-definition-meaning">quality products or goods. This results inward a minimum rejects. So proper production planning in addition to command results inward minimum wastage.
7. Improves the labour productivity
Production planning improves the blogspot.com//search?q=what-is-production-definition-meaning">labour blogspot.com//search?q=what-is-production-definition-meaning">productivity. Here, at that topographic point is maximum utilization of manpower. Training is provided to the workers. The profits are shared alongside the workers inward shape of increased reward in addition to other incentives. Workers are motivated to perform their best. This results inward improved labour efficiency.
8. Helps to capture the market
Production planning helps to give delivery of goods to customers inward time. This is because of regular menses of character production. So the fellowship tin aspect upwardly contest effectively, in addition to it tin capture the blogspot.com//search?q=what-is-production-definition-meaning">market.
9. Provides a amend piece of occupation environment
Production planning provides a amend piece of occupation surroundings to the workers. Workers teach improved working conditions, proper working hours, teach out in addition to holidays, increased reward in addition to other incentives. This is because the fellowship is working really efficiently.
10. Facilitates character improvement
Production planning facilitates character improvement because the production is checked regularly. Quality consciousness is developed amid the employees through training, proposition schemes, blogspot.com//search?q=what-is-production-definition-meaning">quality circles, etc.
11. Results inward consumer satisfaction
Production planning helps to give a regular furnish of goods in addition to services to the consumers at far prices. It results inward consumer satisfaction.
12. Reduces the production costs
Production planning makes optimum utilization of resources, in addition to it minimizes wastage. It too maintains optimum size of inventories. All this reduces the production costs.
