Question

The production plan aims at "plan your work", whereas operations plan ensures "work your plan". In the light of the given statement, examine the relevance of a operational plan for an entrepreneur.

Answer 1

It is actually a blue print prepared right in advance of actual operations

1. Ensuing orderly flow of materials in the manufacturing process from the beginning (raw state) to the end (the finished products)
2. Facilitating continuous production, lesser work-in-progress and minimization of wastage.
3. Co–ordinating the work of engineering, purchasing, production, selling and inventory management.
4. Describing the flow of goods / services from production point to the consumers.
5. Introducing a proper system of quality control
6. Undertaking the best and most economic production policies and methods.