Production Planning Strategy

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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. T...

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...e key success to a business venture since it gives the direction on how to execute the business activities well and compete in the international markets (BDC, 2011).

References List

BDC. (2011). What Makes a good Production Plan. Retrieved from:

http://www.bdc.ca/en/advice_centre/articles/Pages/production_planning_plan.aspx

Dickersbach, T. (2009). Supply Chain Management with APO: Using Production Planning

Strategy. New York: Springer-Verlag Berlin Heidelberg. p 85

MBA Knowledge Base. (2011). Production planning – Definition. MBA Knowledge Base.

Retrieved from: http://www.mbaknol.com/operations-management/production-planning-definition-objectives-and-levels/

Vollmann, Thomas E., William L. Berry, Clay D. Whybark, and F. Robert Jacobs. (2005).

Manufacturing Planning and Control for Supply Chain Management. New York: Irwin McGraw-Hill. 5th ed.

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