The objective of any production/operations system is to add value to outputs (goods or services) following a framework of activities. A sample of production/operations system can be expressed mathematically as under: Y= f (c1 c2, c3……… cn) Where ‘Y is the output and c1, c2, c3, ………… cn are the inputs. […]
Main Functions and Scopes of Production Planning are described below: Securing orders and executing those to the customer’s satisfaction are the two primary objectives of a manufacturing organization. Production planning and control by definition is the management of the process of executing orders. This process includes Planning, Scheduling, Dispatching, Loading, Progressing and Controlling. […]
While the primary objective of the Production Control department is to achieve organizational efficiency in production, by planning and scheduling operations; it also has the responsibility of intermediate and long-run planning. This kind of planning is closely related to demand forecasting, adjustments in production capacity, manpower requirements, timing of investments, new production facilities, hiring sub-contractors, etc. It cannot be planned [...]