Production planning is an administrative process in a manufacturing business that entails the coordination of various activities towards the efficient creation of finished products within the specified schedule.
The emphasis is in the process because the planning does not stop when the manufacturing has started. The planning continues to serve its purpose while the production is going on.
In the scheduling phase, the plan becomes more detailed as a daily schedule is set for the kind of and number of products to be manufactured. Meanwhile, in the coordination phase, a comparison between actual product output and scheduled product output is made so that necessary adjustments in the plans and schedules can be implemented.
As a production planner, you are tasked to make sure that raw materials, manpower, equipment, and other essential items are available, sufficient, and ready for production.
The general goal is for you to be able to forecast and translate demand into a plan that optimally meets company objectives in terms of maximising profits while maintaining customer satisfaction. Specifically, time spent and costs should be kept to a minimum; resources effectively utilised, and work efficiency achieved.