To maximize productivity, every company needs a sound production
plan. However, effective planning is a complex process that covers a
wide variety of activities to ensure that materials, equipment and human
resources are available when and where they are needed. Production planning is like a road-map: It helps you know where you are going and how long it will take you to get there.
Here are some advantages of an effective production plan and scheduling.
Reduced labour costs by eliminating wasted time and improving process flow.
Reduced inventory costs by decreasing the need for safety stocks and excessive work-in-process inventories.
Optimized equipment usage and increased capacity.
Improved on-time deliveries of products and services.