Manufacturing Company Production Planning Strategies There are several strategies that companies can do to optimize production planning, including the following:
1. Predict consumer demand
As a first step, you must predict consumer demand to find out how many items must be produced during a certain period of time. The easiest way to do this is to review consumer demand in the previous period. With a note, you must have a sophisticated reporting tool to avoid difficulties in getting accurate estimates.
By using a good inventory management system, you can analyze consumer demand for various products and find out the inventory turnover ratio more easily. Because data is generated automatically, so you get an accurate estimate of which products will be ordered. In addition, you also need to observe external factors that might change current consumer demand. For example the latest trends, economic slowdown, or new marketing campaigns that can increase or decrease product demand compared to what happened in the previous period.
2. Control inventory
Good inventory control will help you to avoid unnecessary stocking of raw materials, ensure supplies are always at an adequate level, and keep the right stock and in accordance with consumer demand. With a good inventory management system, you can set inventory levels so that you will get notifications when the stock is approaching the minimum level, automate orders to your suppliers, know the most and less profitable products, predict inventory requirements, and so on.
3. Prepare employees
In addition to ensuring the availability of raw materials, you also need to ensure the availability of employees. Estimate the number of employees needed in the production process and make sure they are the right people to do the job. Don’t forget to facilitate them with equipment that supports and provides extensive training on the use of certain tools and technologies used by the company.
4. Set the time and stages
You can start to map the process in sequence, then adjust it to the time needed to complete it. Calculate which tasks need to be sorted or must depend on other tasks, or what tasks must be done simultaneously or independently. After the process mapping is done, you will know how long it will take to complete the entire process. In addition, don’t forget to document repeated activities in the manufacturing process for future use. Take advantage of the documentation as a basis for determining the route and time in the next manufacturing process.
5. Identify problems
Anticipate various problems that may occur in the production process by collecting historical information related to similar work experiences, detailing actual, material, and failure times that have been faced. To make it easier for you to learn and determine ways to reduce potential problems in manufacturing business operations, consider analyzing effects and failure modes or commonly called Failure Mode and Effects Analysis. The FMEA method will allow you to study and determine ways to reduce potential problems in manufacturing business operations.
6. Explain planning in detail
The last step to do is explain in detail about your production planning to employees who will implement it. You can post plans, work orders, and production schedules through manufacturing management software. Then you have to give employees access rights so that they can check it whenever needed.
Production planning is a crucial part of the manufacturing company’s process. This is very necessary to help producers meet product demand, minimizing saving time and production costs by improving workflow, reducing waiting time from one process to another, and optimizing factory use, equipment, and raw material supplies. Without a solid production plan, you will have difficulty achieving its objectives, maximizing productivity, reducing and avoiding waste, creating quality goods, and satisfying customers.