Meaning of Production Planning
Production planning means fixing and establishing the goals and objectives for future production. It is base upon the future demand forecast for the product. It is concerned with estimating the resources ( men, material, machinery, and equipment ) that are required to achieve these goals and arranging these resources at the appropriate time.
It also includes forecasting the problems, which may arise in the production process. The company should try to remove these problems. It will help the company to remove the causes of wastage. With the help of all these steps company can make its production in a most effective and economic manner.
Meaning of Production Control
Production controlling means comparing the actual performance with set standards. It helps the company to know the difference and the reason behind the difference between the actual and standard performance. Now the company can take proper action to fulfill the differences, which is known as control.
Meaning of Production Planning & Control
Thus Production Planning and control means planning about the requirement and arrangement of production resources that are going to take place in the future. Implement the plan. Check out that the planning is working according to the set standard. If not, then find the reason and fulfill the gap, which is control.
Objective of production planning and control (PPC)
1.) Timely arrangement of resources required for the production process.
2.) To ensure proper coordination among various departments for smooth working.
3.) To utilize the resources in the most effective manner.
4.) To establish alternative plans to deal with an emergency situation.
5.) To increase customer satisfaction by providing them quality products.
6.) To keep a regular check on the performance.
7.) To raise the result the plan as and when required.
8.) To remove the gaps between actual ad standard performance.
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