How to ensure error free production planning.

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How to ensure error free production planning.
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• 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.

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Effective Production Planning in 5 Steps

• Forecast the demand of your product
• Estimate your businesss 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.

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• 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.

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• 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.

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• 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.

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• 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.

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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
  informations 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.

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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.

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• 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.

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• 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.  

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• 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.
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• 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.

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• 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.