PPC Notes

Good Essays
PRODUCTION PLANNING & CONTROL
PRODUCTION is transformation /value addition of Input Raw Material into Finished Goods known as “PRODUCT”. PLANNING is the Decision making process to achieve the End Objective by choosing the best Alternative which consumes the least amount of input resources and gives the maximum Output.
CONTROL ensures that the Planned Production is constantly monitored and maintained and any deviation is avoided
“PRODUCTION PLANNING is the determination, acquisition and arrangement of all Facilities necessary for the future Production of items or services” – Ray Wild.
PRODUCTION PLANNING is a pre-production activity associated with the design of the PRODUCTION SYSTEM
PRODUCTION CONTROL is to ensure that whatever is planned and Scheduled is actually implemented and achieved.
PLANNING IS ‘PLANNING THE WORK’ &
CONTROL IS ‘WORKING THE PLAN’.

Objectives of PPC:
To Plan systematically Production related Activities to meet Targets of Production with the available resources of the firm.
To Provide optimum manufacturing resources i.e. Men, Machine and Material of right quality, in right quantity, at the right time, right place and right price.
To schedule Production facilities for their optimum use.
To co-ordinate the activities of different department relating to the production to achieve regular, steady and balance flow of production.
To ensure conformance to the Delivery commitments and inform Sales Department regarding difficulties in advance.
To inform management before hand of the difficulties which may crop up later in achieving Production Target.
To maximize Production with given resources.
To minimize Wastages and non value added activities.
By Work Measurement establishes Productivity norms and the Plant capacity.

PRODUCTION SYSTEMS
The basic specification of production system is decided from the POLICY which in turn is in compliance with corporate objectives.

Production Function-Other

You May Also Find These Documents Helpful

  • Good Essays

    Ppc Essay

    • 666 Words
    • 3 Pages

    The Production Possibility Curve (PPC) shows the boundaries between attainable and unattainable levels of production for two products; in this case televisions and cars. The level of production is primarily determined by the four Factors of Production (FOPs), namely, labour, capital, land and enterprise. Opportunity Cost is the cost of economic activities that are measured by the terms of its best alternative product that is foregone as a result of producing a certain good. When the best alternative…

    • 666 Words
    • 3 Pages
    Good Essays
  • Good Essays

    ppc graph

    • 525 Words
    • 3 Pages

    what they look like on the PPC (production opportunity curve). The concepts this paper would explain are: Scarcity, Choice, Opportunity Cost, Unemployment and Economic Growth. The paper would also be categorized in that order. I will state the full meaning and understanding of each concept then will show where it stands on the graph. Scarcity cost, Choice and Opportunity Cost are all closely related and you will find out how in this paper. This paper understands the PPC and how Scarcity, Choice, Opportunity…

    • 525 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Factors That Shift the Ppc

    • 1267 Words
    • 6 Pages

    Curve (PPC) is based under the field of macroeconomics. The production possibility curve (PPC) is also termed as the production possibility frontier (PPF), a production possibility boundary or sometimes called product transformation curve. It is defined as a curve that illustrates the possibility of producing two goods or services within a specified time with all the resources given such as (labour, land, capital and the technical knowledge). As we can see, here is an example of how the (PPC) looks…

    • 1267 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Ppc Importance

    • 9435 Words
    • 38 Pages

    |Chapter | | |7 | | | | | | |Constraint Management…

    • 9435 Words
    • 38 Pages
    Satisfactory Essays
  • Good Essays

    Plot the Ppc of a Nation

    • 875 Words
    • 4 Pages

    7. Plot the PPC of a nation given by the following data. Combination Health Care All Other Goods A 0 100 B 25 90 C 50 70 D 75 40 E 100 0 a. Calculate the marginal opportunity cost of each combination. When going from A to B the opportunity cost of each unit of Healthcare is 10/25. When going from B to C it is 20/25, from C to D it is 30/25, and from D to E it is 40/25. You can find this for…

    • 875 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Ppc Chapter 3

    • 602 Words
    • 3 Pages

    Weighted) • Referensi: – Smith, Spencer B., Computer Based Production and Inventory Control, Prentice-Hall, 1989. – Tersine, Richard J., Principles of Inventory and Materials Management, Prentice-Hall, 1994. – Pujawan, Demand Forecasting Lecture Note, IE-ITS, 2011. Memprediksi masa depan... Hal yang sangat sulit!!!!! Every woman is frightened of a mouse. MGM head Louts B. Mayer in 1926, to young cartoonist named Walt Disney 640k ought to be enough for anybody. Bill Gates, Microsoft founder…

    • 602 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Learning Outcomes | Tasks/Means | Criteria & Allocated Marks | AssessedMarks | Successful students are able to: Q1) Explain on PPC with a graph and relevant numerical example. Relate the microeconomics terms in your explanationQ2) Explain on the statement given. * Explain on Four disadvantages of * free market. * Your explanation need to elaborate with real life example for each. * Choose at least TWO countries that practicing free market. Others * Use appropriate economic…

    • 6941 Words
    • 28 Pages
    Powerful Essays
  • Good Essays

    Should You Fire Your PPC Agency? A Webinar by Rob Sieracki and Perry Marshall PPC (Pay-Per-Click) Advertising is one of the different verticals of internet marketing in which businesses and companies get maximum returns for their investment. In this webinar, companies that seek for adequate knowledge would be able to choose and hire the right PPC agency that could help them in running online marketing campaigns or find out if their PPC agency knows what they’re doing; if not, should they fire…

    • 883 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Economy Notes

    • 666 Words
    • 3 Pages

    CHAPTER 1 ( INTRODUCTION 1.1 DISCIPLINE OF ECONOMICS THEORY There are two different categories concerning economic behavior, the micro economics and macro economics. Micro economics The study of economic behavior of individual making units such as producer, consumer, household, and firms. Macro economics The study of economic system as a whole or on the basis of aggregate such as consumer price index, inflation rate, national income and unemployment…

    • 666 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Notes

    • 1200 Words
    • 5 Pages

    more law notes become available on the web, I hope this will make it easier for current students to find good notes, and for past students to share them. If you feel you have something to give back please upload your notes here - even if it's only notes for one subject, or someone else's notes you've updated. You will still have full control of your notes and are able to take them down at any time. To upload your notes: Put your notes in a box ... 1. Create a box to put your notes in 2. Upload…

    • 1200 Words
    • 5 Pages
    Satisfactory Essays