PRODUC MGT UNIT-II14572585858585857.pptx

PRODUC MGT UNIT-II.pptx

1. ANNA UNIVERSITY MBA PRODUCTION MANAGEMENT UNIT-II

2. UNIT II FORECASTING, CAPACITY AND AGGREGATE PLANNING - Demand Forecasting –Need, Types, Objectives and Steps. Overview of Qualitative and Quantitative methods. Capacity Planning – Long range, Types, Rough cut plan, Capacity Requirements Planning (CRP), developing capacity alternatives. Aggregate Planning – Approaches, costs, relationship to Master Production schedule. Overview of MRP, MRP II and ERP

3. Production forecasting is the process of estimating future demand for retail products, as well as the resources required to manufacture those products . Typically, these resources include manual labor, money, machinery, and raw materials FORECASTING

4. The production forecast is the production planner's projection of how many end items and derived subassemblies to produce in specific periods to meet the forecasted sales . PRODUCTION FORECAST

5. Aggregate planning is medium-term capacity planning that typically covers a period of two to 18 months. Like capacity planning, aggregate planning considers the resources needed for production such as equipment, production space, time and labor. CAPACITY AND AGGREGATE PLANNING

6. Demand forecasting is the process of using predictive analysis of historical data to estimate and predict customers' future demand for a product or service. Demand forecasting helps the business make better-informed supply decisions that estimate the total sales and revenue for a future period of time DEMAND FORECASTING

7. OVERVIEW OF QUALITATIVE AND QUANTITATIVE METHODS.

8. Capacity planning is the process of determining the production capacity needed by an organization to meet changing demands for its products. In the context of capacity planning, design capacity is the maximum amount of work that an organization is capable of completing in a given period. CAPACITY PLANNING

9. Rough-cut capacity planning (RCCP) is a long-term capacity planning technique. RCCP validates the master production schedule (MPS). The goal is to ensure that companies don't purchase or release an excess of materials . ROUGH-CUT CAPACITY PLANNING

10. Capacity requirements planning (CRP) is the process of specifying the level of resources (facilities, equipment and labor force size) that best supports the enterprise's competitive strategy for production CAPACITY REQUIREMENTS PLANNING (CRP)

11. Aggregate planning is a  method for developing an overall manufacturing plan that ensures uninterrupted production  typically through a 3- to 18-month period. AGGREGATE PLANNING

12. AGGREGATE PLANNING

13. The aggregate plan provides an overall guideline for master production scheduling which specifies the timing and volume of the production of individual products. The master scheduler takes the aggregate decisions as targets and tries to achieve them as much as possible. AGGREGATE PLANNING AND MASTER PRODUCTION SCHEDULE

14. MRP II is a computer-based system that can create detailed production schedules using real-time data to coordinate the arrival of component materials with machine and labor availability. MRP II is used widely by itself, but it's also used as a module of more extensive enterprise resource planning (ERP) systems. MRP MRP2 AND ERP