Production Planning and Control
Production planning and control is a tool available to the management to achieve the stated objectives.
Thus, a production system is encompassed by the four factors i.e., quantity, quality, cost and time.
Production planning starts with the analysis of the given data i.e., demand for products, delivery schedule etc., and on the basis of the information available, a scheme of utilization of a firm.
Thus, production planning and control can be defined as the "direction and coordination of firm's resources towards attaining the prefixed goals". Production planning and control helps to achieve uninterrupted flow of materials through production line by making available the materials at the right time and required quantity.
FUNCTIONS OF PPC
- Pre-Planning Function
- Planning Function
- Control function