Inventory Planning
One of the most misunderstood integrated logistics activities is inventory planning and inventory management. In an ideal world, no inventory would be required because manufacturers...
One of the most misunderstood integrated logistics activities is inventory planning and inventory management. In an ideal world, no inventory would be required because manufacturers...
“Inventory” too many small business owners is one of the more visible and tangible aspects of doing business. Raw materials, goods in process and finished...
Planning is the determinative phase of production management. It “figures out” what is to be done. Production planning translates sales forecasts into master production schedules,...
Functions/scope of production planning & control 1. Materials: Materials should be made available at the right quality, right quantity, right price & right price....
Objectives of production planning & control To make all preparations to manufacture goods within specified time & cost. To make available supply of materials,...
Organization of Production planning & control Activities in Production planning section includes: Production budget office: In this office, incoming orders are recorded in order...
Principles of Production Planning & Control The kind of production planning & the control system required in a factory is determined by the type...
Planning phase: It has two categories of planning , a. Prior planning is pre-production planning & b. Active planning is actual production planning. Prior...
Scheduling Scheduling is next to routing & is concerned with timetable of production. Scheduling arranges the different manufacturing operations in order of priority, fixing...
Routing Routing is one important step in production planning & control. It is useful for smooth & efficient working of the whole plant or...