Production planning is the process of determining the resources required to produce a product or service and scheduling those resources to meet customer demand. It involves analyzing historical data, forecasting future demand, and creating a plan to optimize production efficiency while minimizing costs. Effective production planning requires collaboration between various departments, including sales, marketing, operations, and finance. It also involves managing inventory levels, ensuring timely delivery of raw materials, and monitoring production progress to identify and address any issues that may arise. The goal of production planning is to ensure that the right products are produced at the right time, in the right quantities, and at the right cost to meet customer demand and maximize profitability.
