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Production Planning & Control

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Submitted By ajitbisht
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PRODUCTION PLANNING AND CONTROL

Assignment A Marks 10
Answer all questions.

1. a) Explain the forecasting process? What are the techniques for monitoring forecasts? b) Explain various forecasting models. a) A planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and analysis of trends. Forecasting starts with certain assumptions based on the management's experience, knowledge, and judgment. Qualitative & Quantitative techniques are the two techniques used for monitoring forecasts.

b) There are two types of forecasting models which are : Time Series Models Causal Models or Associative Models 2. a) What is aggregate production plan? What are the pure strategies for APP? a) Aggregate production planning refers to the process of deciding the overall quantities of products to be manufactured or produced in a plant or other manufacturing facility during a medium term planning period such as a month, or a quarter. The aggregate plan output consist of the total quantities of each product or a group of product to be manufactured in the plan period of going into details of scheduling of different manufacturing activities required to achieve the planned production levels. The aggregate production will also not specify details such as the dates when material ordered against individual customer order will be ready for delivery.

The aggregate production plan is prepared as a means of setting overall production targets and as input for planning availability of other inputs and supporting activities to meet the production targets.

The aggregate plans then form the basis of more detailed production, including such as daily and weekly production schedules and

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