Production Planning and Control PPC for Manufacturing

Some of the important elements involved in the process of production planning and control in organization are:

(a) Planning

(b) Routing

(c) Scheduling

(d) Despatching

(e) Checking the progress or follow-up and

(f) Inspection.

Production planning is the planning of production and manufacturing modules in a company or industry. It utilizes the resource allocation of activities of employees, materials and production capacity, in order to serve different customers.

Production control is the task of predicting, planning and scheduling work, taking into account manpower, materials availability and other capacity restrictions, and cost so as to achieve proper quality and quantity at the time it is needed and then following up the schedule to see that the plan is carried out.

Detailed steps involved in PPC procedure is explained here.

Various requirements (Some mandatory) for a effective PPC is discussed in this lecture.

The benefits of production planning and control include:

• Improved organization for regular and timely delivery.

• Better supplier communication for raw materials procurement.

• Reduced investment in inventory.

• Reduced production cost by increasing efficiency.

• Smooth flow of all production processes.

• Reduced waste of resources.

They are several factors that affects production planning and control.Discussed in this lecture.

Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends.

Qualitative forecasting is an estimation methodology that uses expert judgment, rather than numerical analysis. This type of forecasting relies upon the knowledge of highly experienced employees and consultants to provide insights into future outcomes. This approach is substantially different from quantitative forecasting, where historical data is compiled and analyzed to discern future trends.

Quantitative forecasting relies on historical data that can be measured and manipulated. It is best for making short-term forecasts as past trends are more likely to reoccur in the near future than in the long term.

Used to develop a future forecast using past data. Math and statistics are applied to the historical data to generate forecasts. Models used in such forecasting are time series (such as moving averages and exponential smoothing) and causal (such as regression and econometrics).

A forecast error is the difference between the actual or real and the predicted or forecast value of a time series or any other phenomenon of interest. ... By convention, the error is defined using the value of the outcome minus the value of the forecast.

Material requirements planning (MRP) is a system for calculating the materials and components needed to manufacture a product. It consists of three primary steps: taking inventory of the materials and components on hand, identifying which additional ones are needed and then scheduling their production or purchase.

Contents of the course is attached herewith.

So this here is the last lecture of the course. I hope you understood everything. The complete contents are attached herewith.

All the very BEST !!