Production Planning

  • Production Planning Module
    • Defines the amount and timing of production resources (ie) personnel, materials , cash , production capacity need to produce finished goods as per master production schedule.
    • It is also known as Rough – cut capacity planning. When material requirement plan is extended to integrate financial, accounting , personnel, engineering and marketing along with production and control activities of basics MRP resulting broadband co-ordination is called as Production Planning.
  • The various steps involved are
    • Developing a trial production plan
    • Computing the work load that will impose the production plan
  • Benefits
    • Planned order schedule
    • Exception reports
    • Inventory transaction data
    • Improved customer service
    • Reduced inventory services
    • Improved operating efficiencies of production departments
    • It’s a great time saver
    • Acts as a guard to meet uncertainties in supply & demand and the movement of goods
    • Balances supply and demand of goods