importance of production_management_system

May 29th, 2015
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AGGREGATE PLANNING: Aggregate planning is the process of developing, analyzing, and maintaining a preliminary, approximate schedule of the overall operations of an organization. The aggregate plan generally contains targeted sales forecasts, production levels, inventory levels, and customer backlogs. This schedule is intended to satisfy the demand forecast at a minimum cost. Properly done, aggregate planning should minimize the effects of short-sighted, day-to-day scheduling, in which small amounts of material may be ordered one week, with an accompanying layoff of workers, followed by ordering larger amounts and rehiring workers the next week. This longer-term perspective on resource use can help minimize short-term requirements changes with a resulting cost savings.

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PRODUCTION MANAGEMENT ASSIGNMENTTopic:- Aggregate Planning Submitted by:- ANJANA KRISHNAN FM-673AGGREGATE PLANNING:Aggregate planning is the process of developing, analyzing, and maintaining a preliminary, approximate schedule of the overall operations of an organization. The aggregate plan generally contains targeted sales forecasts, production levels, inventory levels, and customer backlogs. This schedule is intended to satisfy the demand forecast at a minimum cost. Properly done, aggregate planning should minimize the effects of short-sighted, day-to-day scheduling, in which small amounts of material may be ordered one week, with an accompanying layoff of workers, followed by ordering larger amounts and rehiring workers the next week. This longer-term perspective on resource use can help minimize short-term requirements changes with a resulting cost savings.CHARACTERISTICS OF AGGREGATE PLANNING:Considers a "planning horizon" from about 3 to 18 months, with periodic updatingLooks at aggregate product demand, stated in common termsLooks at aggregate resource quantities, stated in common termsPossible to influence both supply and demand by adjusting production rates, workforce levels, inventory levels, etc.,

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