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Sales and operations planning ( S&OP) is an integrated business management process through which the executive/leadership team continually achieves focus, alignment, and synchronization among all organization functions. The S&OP process includes an updated forecast that leads to a sales plan, production plan, inventory plan, customer lead time ...
Production planning is the future of production. It can help in efficient manufacturing or setting up of a production site by facilitating required needs. [ 2] A production plan is made periodically for a specific time period, called the planning horizon. It can comprise the following activities:
In industry, product lifecycle management ( PLM) is the process of managing the entire lifecycle of a product from its inception through the engineering, design and manufacture, as well as the service and disposal of manufactured products. [ 1][ 2] PLM integrates people, data, processes, and business systems and provides a product information ...
Manufacturing resource planning ( MRP II) [ 1] is a method for the effective planning of all resources of a manufacturing company. Ideally, it addresses operational planning in units, financial planning, and has a simulation capability to answer "what-if" questions and is an extension of closed-loop MRP (Material Requirements Planning).
Machine industry. Lean manufacturing is a method of manufacturing goods aimed primarily at reducing times within the production system as well as response times from suppliers and customers. It is closely related to another concept called just-in-time manufacturing (JIT manufacturing in short).
Production control is the activity of monitoring and controlling a large physical facility or physically dispersed service. It is a "set of actions and decision taken during production to regulate output and obtain reasonable assurance that the specification will be met." [ 2] The American Production and Inventory Control Society, nowadays ...
A master production schedule ( MPS) is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. [ 1] It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. [ 2] This plan quantifies significant processes, parts, and other ...
Material requirements planning. Material requirements planning ( MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software -based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives:
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