concept of Planning and Control

Jun 28th, 2015
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Abilene Christian University
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Production Planning System. ■ Detailed Scheduling & Planning. ․ The activities required to convert the broad plans coming out of master planning of resources into more precise, shorter detailed schedules and plans. ․ Major functions. - End-item master production scheduling. - Material requirement planning. - Capacity requirement planning. - Testing for feasibility. - Order(job) releasing to execution and control.

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PRODUCTION PLANNING ANDCONTROLPRODUCTION PLANNINGMeaning:Production planning involves management decisions on theresources that the firm will require for its manufacturing operationsand the selection of these resources to produce the desired goods atthe appropriate time and at the least possible cost.Definition:"The planning of industrial operations involves fourconsiderations, namely, what work shall be done, how the work shallbe done and lastly, when the work shall be done- kimball andkimballOBJECTIVES OF PRODUCTIONPLANNING1.To determine the requirements of men, material and equipment.2.Arranging production schedules according to the needs ofmarketing demand.3.Arranging various inputs at a right time and in right quantity.4.Making most economical use of various inputs.5.To achieve coordination among various departments relatingto production.6.To make all arrangements to remove possible obstacles in theway of smooth production.7.To achieve economy in production cost and time.8.To operate plant at planned level of efficiency.9.Making efforts to achieve production targets in time.10.Providing for adequate stocks for meeting contingencies.PRODUCTION CONTROLMeaning:Production control guides and directs flow of production so thatproducts are manufactured in a best way and conform to aplanned schedule and are of the right quality.Control facilitatesthe task of manufacturing and see that every theme goes as perthe plan.Definition:"Production

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