Capacity Planning – Meaning, Classification and its Goals
February 12, 2025
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Success of an operation department of any organization is dependent upon an efficient production plan. One of the key essential of a production plan is material and manufacturing planning system. Material requirement planning plays a pivotal role in assembly-line production. Material requirement planning is a system based approach, which organizes all required production material.
Material requirement planning is an information system for production planning based on inventory management. The basic components of material planning are:
Material requirement planning is processed which production planning and inventory control system, and its three objectives are as follows:
As with every system based process, material resource planning also has its advantages and disadvantages, and they are as follows:
Material planning not only benefits operation department but is also beneficial to the other department of organization. They are as follows:
Implementation and success of material resource planning dependent on following factors:
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