Manufacturing Company Production Planning Strategies There are several strategies that companies can undertake to optimize production planning, including the following:
1. Predict consumer demand
As a first step, you have to predict consumer demand to find out how much goods must be produced over a certain period of time. The easiest way to do this is to review consumer demand in the previous period. With notes, you must have sophisticated reporting tools 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 procuring unnecessary stock of raw materials, ensuring that supplies are always at an adequate level, and storing the right stock and in accordance with consumer demand. With a good inventory management system, you can adjust inventory levels so that you will get notifications when stock approaches the minimum level, automate orders with your suppliers, find out the most and least 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 work. Don’t forget to facilitate them with supporting equipment and provide extensive training in the use of certain tools and technologies that the company uses.
4. Set the time and stages
You can start to map the process in sequence, then adjust it to the time it takes 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 mapping the process, you will know how long it will take to complete the whole process. Also, don’t forget to document the iterative activities in the manufacturing process for future use. Use the documentation as a basis for determining the route and time in the next manufacturing process.
5. Identify the problem
Anticipate various problems that may occur in the production process by collecting historical information related to similar work experience, detailing the actual time, material, and failures that have been encountered. To make it easier for you to learn and determine ways to reduce potential problems in manufacturing business operations, consider doing an effect and failure mode analysis or what is commonly called a 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 final step that must be done is to explain in detail about your production planning to the 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 they can check them whenever they need to.