How to ensure error free production planning.

1. How to ensure error free production planning.

2. A production plan will help a business meet product demand while minimizing production time and cost by improving process flow, minimizing the waiting time between operations, and optimizing use of plant, equipment and inventory. In order to do this, a business must align their production plan to the business strategy and business plan, and support production planning by coordinating with other departments, such as procurement, finance and marketing. • Different types of production methods, such as single item manufacturing, batch production, mass production, continuous production etc. have their own type of production planning. Production planning can be combined with production control into production planning and control.

3. Effective Production Planning in 5 Steps • Forecast the demand of your product Estimate your business’s demand, so that you know how many products are needed to be produce during a specific time period. You may already have some confirmed orders for the next couple of month, but on top of that, you need to predict how many more may come. Different methods exist to forecast your product demand. A traditional technique for estimation of product demand is based on historical information.

4. 2. Determine potential options for production Determine the different production options available to meet the forecasted demand of your product. Start by mapping all the steps of your production development & take into accounts if the tasks are sequenced or dependent on other task. Also determine the resource needed to complete each assignment.

5. 3. Choose the option for production that uses the combination of resources more effectively Compare the cost and time of each possible production option and choose the option that uses the most efficient blend of resources and that allows you to meet product demand. The chosen option should maximize the operational capacity of your firm.

6. 4. Monitor & control your Inventory Inventory management is a method of balancing capital investment objectives and service-level goals over a large collection of stock-keeping units while taking demand and supply into account. Having a control system in place helps you detect problems as soon as they occur, allowing you more time to correct before it is too late.

7. 5. Adjust Always be prepared to adjust the plan if need arises. The production plan needs to be flexible to accommodate changes in customers’ demand. Also, you need to take into account possible risks that may arise during the production process & plan further for that.

8. Key benefits of using software for the management of Production Planning. • From the very beginning, one can manage all the sales order status in the single dashboard, sort by date, by shippable amount, or by customer.  • One can save the customer address information on the sales receipts or invoices of shipping labels, complete with tracking numbers and barcodes for further usage. • One can send out invoices via e-mail easily. The faster invoices get out, the faster you are likely to get paid. The process of making invoices and recording them can be seamless, fast and automatic. • It is made easy to know exactly what still needs to be shipped and what items are still expected from vendors. • Vendor list & customer list are created & the information’s are save only once so that it can save time while further dealing with them. • Track inventory between the locations and transfer items from one place to another like from the godown to the factory hassle free. • Managing inventory is made easy with the help of bar code scanning & tracking.

9. Managing Production Planning with SlickAccount There are many things to manage for the production such as distribution management, order management, inventory management & logistics. Three things that one must keep in mind while taking production planning into accounts is cost of production, raw materials & progress for finish goods. SlickAccount helps you customize solution for your manufacturing business. It has useful features that make your production planning easy for your business. Regulate order management; generate bills of material reports & invoices. You can manage your data effectively in a cloud-based interface for purchase, planning & production.

10. 1.Purchase Select your manufacturing business, then go to invoices & create purchase invoices for goods. The page is then directed to the purchase details where you can fill the invoice details, vendor information, item summary & payment details. For vendor or customer information, you need to define the details only once & the items sold or purchased by them are stored for further use. You can track inventory and check whether you are sort of any of your goods or you have surplus supplies.

11. 2.Planning Once you have purchased your goods, you have to make an executable plan. Go to items and then create new process. Here you can add all the new raw materials bought later & add additional expenses that you faced during production.  

12. 3. Production Finally you have reached a stage where you complete your production planning with success & have the automated finish goods unit price. Go for create process & then select the plan you need to execute. You can manage multiple projects at the same time as well.

13. Then you are directed to a page where you can create & edit your plan. Here, also you can also add the extra charges or expenses that you have spent during the progression of your project. To avoid any confusion, the new raw materials & expenses are added at different stage of planning & production.

14. A manufacturing business needs to keep track of its expenses & all the changes at different time, so it is smart to use a software that understand your business needs, reduce human error & complexity, and also help you in executing your production planning effectively.