Production Planning - What is the main purpose of production planning?

Q: What is the main purpose of production planning?

Production planning means to fix the production goals and to estimate the resources which are required to achieve these goals. It prepares a detailed plan for achieving the production goals economically, efficiently and in time. It forecasts each step in the production process.

Answer

Setting production goals and estimating the resources needed to reach them are the two main components of production planning. In order to meet the production goals in a timely, efficient, and cost-effective manner, it creates a comprehensive plan. It predicts what will happen at every stage of manufacturing.

Production Planning - What is the main purpose of production planning?

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