The objective of any production/operations system is to add value to outputs (goods or services) following a framework of activities. A sample of production/operations system can be expressed mathematically as under: Y= f (c1 c2, c3……… cn) Where ‘Y is the output and c1, c2, c3, ………… cn are the inputs. (more…)
Useful Notes on Models for Production and Operations Systems
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What are the Main Functions and Scopes of Production Planning?
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Main Functions and Scopes of Production Planning are described below: Securing orders and executing those to the customer’s satisfaction are the two primary objectives of a manufacturing organization. Production planning and control by definition is the management of the process of executing orders. This process includes Planning, Scheduling, Dispatching, Loading, Progressing and Controlling. (more…)
Useful Notes on the Use of Aggregate Plan for Production Control
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While the primary objective of the Production Control department is to achieve organizational efficiency in production, by planning and scheduling operations; it also has the responsibility of intermediate and long-run planning. This kind of planning is closely related to demand forecasting, adjustments in production capacity, manpower requirements, timing of investments, new production facilities, hiring sub-contractors, […]