working of planning_and_control

Jun 28th, 2015
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Acadia University
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Planning determines an organization’s goal and by which means the organization can achieve it. It gives managers an opportunity to adjust to a certain type of environment instead of reacting to it. Planning helps in anticipating and managing risks that may arise in future. In short, planning means preparing tomorrow, today. There are four major planning stages: Strategic Planning, Tactical Planning, Operational Planning and Contingency Planning.

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PRODUCTION PLANNING AND CONTROL1FUNCTIONS OF A PRODUCTION DEPARTMENTThe activity of production department of an organization can be stated tobe :To convert the physical resources of the manufacturing concern intosaleable goods and servicesFor achieving the above objective, the Production department must performthe following activities:a)Production of goods at the right time and in sufficient quantity to meetthe demand.b)Production of goods at minimum possible costc)Production of goods of acceptable quality2PRODUCTION PLANNING AND CONTROLINTRODUCTION:1. The efficiency of the production system is its ability to producethe products with required quantity and specified quality at apre-determined cost and pre-established time.2. Production Planning and Control is a tool available to achievethe above stated objectives.3. Production planning starts with the analysis of the given data,i.e., demand for products, delivery schedule, etc.4. On the basis of the information available, a scheme of utilizationof firms resources, like machines, materials and men are workedout to obtain the target in the most economical way.3PRODUCTION PLANNING AND CONTROLINTRODUCTION (cont. ) :5. Once the plan is prepared, then operations are performed inline with the details given in the plan.6. Production planning and control can be defined as:direction and co-ordination of firms resources towardsattaining the pre-fixed goals.4PRODUCTION PLA

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