State the functions of production planning.

State the functions of production planning.
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Answer :

Function of Production Planning:

Production planning is the determination, acquisition and arrangement of all facilities necessary for future production of products. It performs following functions;

[1] To operate the plant at a predetermined level of efficiency.

[2] To obtain a prescribed level of profit.

[3] To reduce the manufacturing costs through R & D.

[4] To efficiently utilize the available resources and plant facilities.


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