Production Planning Strategy Essay

796 words - 3 pages

Many organizations currently utilize production plan strategies in an effort to win the future market which has promising outcomes due to the high rate of demand on the consumer goods and services. With a clear understanding of the good marketing plan strategies the business owners are able to come up with good proposals concerning the future projects and through proper follow up and consultation the plan ends up making high profits for the organization. The production plan strategies come in different formats and it is the responsibility of the organization to choose the best format which suites their product and expectations. The benefits of the production plan strategy have also been highlighted in the essay.

Production planning strategy
All activities in our daily life occur according to a certain plan. Production planning involves making prior decisions on how to carry out a certain strategy in a business which involves: the material to produce, the period of production, and the exact location to carry out the production process. A well designed plan with good understanding of the future outcomes helps to avoid failure due to uncertainties. Production planning aims at looking ahead and estimating the type of resources required in an organization and then coming up with the proper arrangements which enables attainment of the set production targets in the proposed plan (MBA Knowledge Base, 2011). Production planning strategy therefore involves coming up with ways and means of achieving the above objectives. To implement the plan, the organizing group has to be equipped with the information on the complete data of the product which includes; the expected operations, market research, and the methodology to be put in place. The other type of requirement is the knowledge of the other available products which may assist in the production of the proposed activity. The knowledge of the materials available, the people to involve and the time span is also important in planning a production strategy.
The production planning strategies are very important in a business as they enable the organization have a well scheduled program on how to carry out its activities. Taking an example of a motor bike production company, the use of production plan would be very necessary bearing in mind that the machines are in high demand in the present days. The company production plan strategy should be well organized to take care of the current and the future market. The company makes a sale forecast to indicate the expected outcome within the next ten months although demand is not part of the production plan. To efficiently implement the plan constant...

Find Another Essay On Production Planning Strategy

Management Planning at Boeing Essay

1072 words - 4 pages management, especially the first stage of planning when they set up their strategy to market their products. The Boeing Company has been very careful to make the most of good planning and decision making to reach their full potential and continue to grow bigger than they already are. Ethical, Legal, & Social Responsibility One ethical issue that has impacted the Boeing Company in recent years is public safety versus company goals. The reason

How to Make a Movie Essay

648 words - 3 pages movies are usually filmed without certain professional editing and lighting. Lastly, professional movies require lots of money, while home videos usually aren’t very expensive. First is the stage called pre-production, before the movie is actually made. That includes planning, budgeting, and finding people. A rough script is first made for the movie. Then, a screenplay is made. A screenplay is a step-by-step production of drawings showing details

Amgen Inc Case Analysis

1773 words - 7 pages that reviewing the plans creates added value in checking if they are still doing the right things. By evaluating the plans every quarter commitment will grow, without losing the necessary flexibility. Bibliography: - Merchant, K., Planning and Budgeting Systems, in: Merchant K.A., W.A. van der Stede, Management Control Systems, Performance Measurement, Evaluation and Incentives, Prentice Hall, 2007 - Simons, R., Building a profit plan, in: Simons, R., Performance Measurement & Control Systems for Implementing Strategy, Prentice Hall, 2000

DTI case study

1505 words - 6 pages manufacturing process.OPTION # 1: Continue to focus on improving output in the existing line.Advantage: It will significantly increase the outputs of the company, although it must come with appropriate production planning. Production planning is a necessary function within the company if it aims to improve output. In manufacturing and technological companies this process is often very difficult because of the fast rate of change and the occurrences of

Planning Systems in Artificial Intelligence

1555 words - 6 pages assumes that the initial world does not change while the planning is being execute. But in the real world, It is possible to have some unexpected event happen when plan is executing such as machine break during the production plan. Reactive planning is a new idea that allows planner to reactive with the environments. Introduction Planning system in AI is an agent that can develop a strategy to achieve its goal by finding a series of actions

Case Study: BASF

1504 words - 6 pages finance department.As a result, there is no centralized logistics strategy within the regional company. Each company has its own kind of logistics sophistication and the measurements of the logistics costs and inventory level vary considerably among group companies. Moreover, the local planning for logistics other than warehousing is non-existent. In addition, there are no decision support tools such as inventory planning, distribution planning

Analyzing Change on Capacity and Decision Making Process

807 words - 4 pages additional cost for capacity resource that is not use or unused capacity for optimizing capacity investments (Slack & Lewis, 2011).  Changing capacity: The capacity decision represents a significant investment for companies and it is part of the strategy in the SC, if too big, manufacturers generate surplus reducing price, if too small, shortage, loosing sales opportunities (Slack & Lewis, 2011). The connectivity among Procurement, Production

Discuss which specific methods for implementation can be used at the enterprise level. · Describe which specific tools for implementation can be used at the enterprise level. · Provide an example of a...

1238 words - 5 pages and minimizing costs through lean production operations will facilitate the company in the direction toward success.References:Ackoff, R.L. (1974). IFORS' Operational Researchers Hall of Fame: Pp. 1-9.Chase, R.; Jacobs F. R. & Aquilano, N. (2006). Operations Management for CompetitiveAdvantage: Supply Chain Strategy; 10, Pp. 406 -425. Strategic Capacity Management; Chapter 11,Pp. 430 - 466. Lean Production; Chapter 12, Pp.470-495. [University

production plan

1238 words - 5 pages and minimizing costs through lean production operations will facilitate the company in the direction toward success.References:Ackoff, R.L. (1974). IFORS' Operational Researchers Hall of Fame: Pp. 1-9.Chase, R.; Jacobs F. R. & Aquilano, N. (2006). Operations Management for CompetitiveAdvantage: Supply Chain Strategy; 10, Pp. 406 -425. Strategic Capacity Management; Chapter 11,Pp. 430 - 466. Lean Production; Chapter 12, Pp.470-495. [University

Strategic Planning

967 words - 4 pages of the strategy development, and developing measurable goals and objectives. Management uses these statements as tools to gauge the effectiveness of their current strategy plans.Strategic planning is the key to success for THE SHACK. Management may use the mission and vision statements to set in place measurable action plans that will accomplish the goals and objectives. Management may evaluate the performance results in comparison to the set

Theoretical Background

1883 words - 8 pages Processes. The MIT Press. Hajer, M. & Wagenaar, H. (2003) Introduction. In Hajer, M. & Wagenaar, H. (eds) (2003) Deliberative policy analysis: understanding governance in the network society. Cambridge University Press. (p1-25) Haugaard, M. (2003) Reflections on SevenWays of Creating Power, European Journal of Social Theory 6(1):87-113. Healey, P. (1996) The Communicative Turn in Planning Theory and its Implications for Spatial Strategy Formation

Similar Essays

Production Planning Essay

1002 words - 4 pages Introduction One of the challenges for the operations manager in any business is the scheduling of key production activities. There are numerous variables that need to be considered in this planning process. These factors include production capacity, customer demand, supplier performance, design completion, cash flow, and staffing (Heizer, 2011). All these factors come together to create a production plan that can fluctuate based

Planning In The Uk Essay

1161 words - 5 pages planning is conducive to good health social equity and increased efficiency of production. Whilst utopian Howard's vision of planning as both a tool for improving public health and wealth was “...to influence many advocates for town planning.” (Cullingworth & Nadin 2006) Howard's garden cities dissolved the divide between town and country and provided a model for an ecologically sustainable society. (Clark 2003) Sustainable development as an aim

Planning In Today's World Essay

650 words - 3 pages ,Rewarding, and Timed. (Higgins, 1994) Today's corporate world often uses strategic planning. Strategic planning is on specific type of planning. Strategies are the outcome of strategic planning. An organization's strategies define the business the firm is in, the criteria for entering the business, and the basic actions the organization will follow in conducting its business (Higgins, Page 229). Strategy plays a major part that entrust large amounts

Planning Function Of Management Essay

1335 words - 5 pages tailored to the broad strategic goals. Operational planning "identifies the specific procedures and processes required at lower levels" (Bateman & Snell, 2007, p 123); the day to day activities of production, which in this case are the daily household duties, and I am the supervisor.All processes are similar in which the planning is for accomplishing goals within a specified time period. The differences are in the details. Operational planning