ENTREPRENEURSHIP

Detailed explanation-1: -Process planning is a preparatory step before manufacturing, which determines the sequence of operations or processes needed to produce a part or an assembly. This step is more important in job shops, where one-of-a-kind products are made or the same product is made infrequently.

Detailed explanation-2: -Production planning is the process of creating a plan for future production within a manufacturing organization. This technique is essential for modern-day manufacturing operations as it establishes the groundwork for how production should be running and identifying areas where productivity is lacking.

Detailed explanation-3: -What Is a Production Plan? A production plan is a document that describes how production processes will be executed, and it’s the final outcome of the production planning process. It describes the human resources, raw materials and equipment that will be needed and the production schedule that will be followed.

Detailed explanation-4: -Forecast market expectations. To plan effectively, you will need to estimate potential sales with some reliability. Inventory control. Availability of equipment and human resources. Standardized steps and time. Risk factors.