P-Value in Hypothesis Test – Interpreting the Statistical Conclusion
What is the P-Value ? The P-Value is a statistical representation of the likelihood that the null hypothesis is true. Therefore the P-Value is the probability that the output (Y) will not change as a result of the variation that we are deliberately introducing in the input (X). Example: If we have a null hypothesis […]
Why Income Taxes Should Be Abolished?
Income taxes are a subject of great debate all across the world. There are many who believe that the rich should be made to pay as much tax as possible. On the other hand, there is another lobby which believes that the income tax on the rich should be the minimum since they are the […]
Need for Inventory Management – Why do Companies hold Inventories
Inventory is a necessary evil that every organization would have to maintain for various purposes. Optimum inventory management is the goal of every inventory planner. Over inventory or under inventory both cause financial impact and health of the business as well as effect business opportunities. Inventory holding is resorted to by organizations as hedge against […]
Operational Challenges in Inventory Management
The latest trend in all industries has been to outsource inventory management functions to Third Party Service providers. Companies outsource both Raw Material Inventory as well as Finished Goods to the Service Provider. In case of finished goods inventory, depending upon the supply chain design, there may be multiple stocking points at national, regional and […]
Business Analytics – Meaning, Importance and its Scope
Introduction The word analytics has come into the foreground in last decade or so. The proliferation of the internet and information technology has made analytics very relevant in the current age. Analytics is a field which combines data, information technology, statistical analysis, quantitative methods and computer-based models into one. This all are combined to provide […]
Scheduling and workplace planning is the final step in operation planning and design. Operation’s scheduling and workplace planning is implemented during transformation of input to output. Scheduling deals with production of required quantity of product within the required time frame. Workplace planning deals with allocation of resources with priority to work job with first delivery date.
Scheduling deals with both time allocations as well resource allocation for production of required quantity. Operations’ planning is done as part of short term planning.
High level objective of operation’s planning is to decide the best way of allocation of labor and equipment as to find balance between time and use of limited resources within the organization.
In modern age of competition and global market importance is given to Just In Time and the lean production concepts. This has led to importance of operation’s scheduling. There are three important task performed by operations scheduling:
Operations’ planning ensures that proper workflow is established by ensuring allocation of job on appropriate machines before the advent of production activities. Scheduling is production timetable highlighting sequence of job, timing and quantity for allocation of resources as to help an organization in cash flow planning. Therefore, there are three main objectives of production scheduling:
Operation scheduling is arrived at base on the following principles.
Scheduling is done with two approaches, and they are as follows:
Workplace planning ensures optimum productivity by ensuring proper utilization of limited resources and priorities’ job order at different work centers. Workforce control ensures that maximum output is achieved from machines, raw material and workforce. All production-related information is recorded as to establish input-output control as to achieve overall efficiency and optimum utilization of raw materials.
The main objectives of workforce planning and control are as follows:
Therefore operations scheduling and workplace planning play an pivotal role in success of an organization.
Your email address will not be published. Required fields are marked *
Capacity Planning – Meaning, Classification and its Goals
February 12, 2025
What is Aggregate Planning? – Importance and its Strategies
February 12, 2025
