DIRECTIONS: Now that you have learned the basic details of a production, answer the following questions briefly. Write your answers on your answer sheet. (5 points)
1. Based on the discussion, what are the basic details of production?
2. Why do you think giving attention to the basic details in planning is important?
3. What could possibly happen if one fails to create a production plan before executing an event or a production?
4. How would production planning contribute to the success of an activity/event /production?
5. How would the knowledge you gained in production planning help you in your future endeavors?
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Answers & Comments
Answer:
1. Production management involves the planning, organisation, direction and execution of production activities. The ultimate goal of any production management solution is to convert a collection of raw materials into a finished product.
2. You create your goals and identify your direction and you become prepared for what is coming next. The more prepared you are the better you are able to handle problems as they arise.
3. Failure to plan will damage the effectiveness of the organization and can even lead to complete break-down.
4. Depending on the company and the type of production planning necessary, the definition of lead time varies slightly.
5. Reduced labour costs by eliminating wasted time and improving process flow. Reduced inventory costs by decreasing the need for safety stocks and excessive work-in-process inventories. Optimized equipment usage and increased capacity.
Explanation:
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