Benefits to producers employees community and share

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Benefits to Producers, Employees, Community and Share-holders. Better planning means that the firm can earn more money and in turn can pay better wages to its employees. There will not be any interrupted employment as it was in older days, when there used to be none or very little scientific planning. This will lead to job security, improved working conditions and thus increased satisfaction among the employees. This will also keep the employees highly motivated for more productive work. To the investors or the share-holders there is a security of money and an adequate return in the form of dividends. The Government may get lots of revenue by way of taxes and the community may get more economic and social stability, better infrastructure. Benefits to The Nation. The Nation gains economic, political and social stability, a better image on the global front, and increased say in the global policy. It also brings security and prosperity to the nation.
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116 9.3.3 MAIN FUNCTIONS OF OPERATIONS PLANNING The following are the key functions of Operations Planning and Control: a. Release orders to the system in accordance with the priority plan. Priority means control over the status of jobs and work activities by specifying the order in which materials or jobs are assigned to work centers. b. Assign jobs to specific work centers (including machine loading, or shop loading). These activities are also called 'short-run capacity planning'. c. Provide sequencing priorities to specify the order in which jobs are to be processed. This function may also include the dispatching function, which is the actual authorization for the work to begin. d. Control the manufacturing lead time by tracking and expediting jobs if required. e. Monitor the priority status of jobs via summary, scrap, rework, and other reports. f. Monitor the capacity status of facilities via input/output reports of workload versus capacity. The input/output controls are also referred to as 'short- run capacity control'. The sequencing, tracking, expediting, and status control activities mentioned in (c, d, e, and f) are popularly associated with the term shop floor controls [Joseph G. Monks]. Different techniques (such as: graphical, charting, computer algorithms) have been developed to help accomplish the above functions. 9.3.4 SOME SPECIFIC ACTIVITIES OF OPERATIONS PLANNING Typical activities in operations planning are to Forecast the demand for an existing product and find out the demand of a new product. Also estimate in advance the cost of a new product. Plan for capacity required to meet production needs. Ensure utilization of capacity, equipment and other facilities. Schedule production activities with respect to the resources like labor, machines, working hours, etc. Fix the starting and finishing dates for each item.
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