Adequate planning and scheduling for resources and operations drives
production on the floor and ensures that an organization knows how and when to
account for all its productions requirements. Without accurate production
planning, an organization would stand the chance of facing shortages or
overages in the production process, which could lead to losses.
For any organization, it is of the utmost importance to plan its production
process. Planning the production process includes taking stock of resources
such as raw materials and production machinery, scheduling the production
according to the availability of resources, accounting for any capacity or
material constraints, and adopting performance metrics to measure the efficacy
of the production plan. Inadequate planning can lead to wastage of resources
in terms of both materials and work force. It can lead to a higher cost of
production than required. To avoid such losses, it is imperative that an
organization plan and schedule its production to make high returns on
In this course, you will learn about the importance of scheduling as well as
materials planning in the production process. You will also learn to identify
the metrics that determine the efficacy of the production plan.
After completing this course, you should be able to:
Identify why production scheduling is an important component of production planning.
Recognize why materials planning is an important component of production planning.
Identify the metrics for monitoring production planning.