Production planning enables students to outline all processes, resources, and steps involved in production, from demand forecasting to identifying the required raw materials, labor, and equipment. This helps businesses create practical production schedules, ensuring smooth and efficient production processes, while also adjusting operations when issues arise.
In today’s economy, production extends beyond just creating tangible products; it also includes intangible products such as after-sales services, logistics, and products that meet emotional or cultural values. Production is the process of creating these products or services. Effective production planning helps businesses coordinate their manufacturing activities and serves as the foundation for business survival and growth. This course focuses on processes such as demand forecasting, product and technology design, method selection, planning, organizing, implementing, scheduling, and monitoring production systems to transform input factors and ensure that output factors meet predefined standards.