Q:

Why is production planning important?

A:

Production planning ensures materials, equipment and employees are all available to meet production goals for a business. It also provides a detailed plan on how a company will reach its production goals and how long it will take to achieve it, which can be useful for letting customers how long it will take before they can expect their orders.

Production planning helps to maximize profits and make sure the needs of the customer are being met. Other advantages of production planning include eliminating wasted time by improving process flow, reducing inventory costs, optimizing equipment usage, using employees' time to the fullest advantage and improving the delivery time of products and services.


Is this answer helpful?

Similar Questions

  • Q:

    Why is planning so important in management?

    A:

    Planning is important in management because it allows managers to use resources efficiently and prepare for the unexpected. It also helps managers determine the right goals to seek. Proper planning helps employees at a company know what they should be trying to accomplish.

    Full Answer >
    Filed Under:
  • Q:

    What are advantages and disadvantages of motivating employees with money?

    A:

    Money is a useful tool for motivating employees, but results can be mixed and unexpected, including the advantage of boosting production and the disadvantage of encouraging possibly unethical behavior. It is wise to research all the possible results for a particular policy before implementing it.

    Full Answer >
    Filed Under:
  • Q:

    How do you start a daycare business?

    A:

    When setting up a daycare center, it's important to mold the business in such a way that fulfills the needs of a community. For instance, a community may need a daycare center that watches infants. Research is necessary before setting up the business. Getting licensed and obtaining insurance are the next steps, followed by looking for additional resources and tax breaks that aid business owners.

    Full Answer >
    Filed Under:
  • Q:

    How do you manage a supermarket?

    A:

    Managing a supermarket is a challenging responsibility that requires thoroughness, keenness and professionalism on the part of management and the entire workforce of the business. Supermarket resources must be of standard quality, and the management must ensure they are used to profit the entity. A well-managed supermarket must have a smooth flow to its operations and a well-coordinated workforce.

    Full Answer >
    Filed Under:

Explore