What is Production Planning? Production planning is a crucial process in manufacturing and operations management that involves the strategic and tactical planning of production activities to ensure efficient and effective utilization of resources and meet customer demands. It encompasses the formulation of production schedules, resource allocation, material procurement, and coordination of various production processes to achieve optimal productivity and customer satisfaction.
The goal of production planning is to create a detailed roadmap that outlines how and when production activities will be executed to meet the desired output levels while minimizing costs and maximizing efficiency. This involves considering factors such as production capacity, inventory levels, lead times, and workforce availability.
Key components of production planning include:
