Scheduling can be defined as the process of controlling, aranging and optimizing the workload in the manufacturing or production process. I is used for allocating the machinery and plant resources, panning production processes, panning human resources and purchasing materials. I is a significant process for engineering and manufacturing, were it may impose a significant impact on the production of the organization. I manufacturing process, te major purpose of scheduling is to minimize the time and cost of production by making the production facility aware of the equipment that used for manufacturing.
Te production schedule also reduces the costs and maximizes the efficiency of supply chain operations. Ibalance in the scheduling process may result in overproduction. I occurs when the organization allows every production operation to work as fast as it can, wthout concerning the balance between the working of other production operations. Sheduling helps the firm in maintaining the balance between operations, b telling an organization when to begin a particular operation. Te imbalance between inventory management, cpacity planning and scheduling may result in under or over items.
Uder-stocking of items may result in lost sales, mssed deliveries, poduction bottlenecks, dssatisfied customers and it also unnecessarily ties up the funds of the organization that could have been more productive if used elsewhere. Oerstocking may have fewer drawbacks attached to it; hwever the cost of excessive overstocking may be quiet staggering in the cases when the inventory holding cost is high, a the matter may easily get out of the hands of the organization. I is commonly heard from the manager that they have about 10 of of certain items.
Hwever the major concerns related to inventory management are the level of customers availing the service of the organization and cost associated with carrying and ordering inventories (Dooley, 2013). Te overall objective of these three supply chain operations i. iventory management, cpacity planning and scheduling is to achieve customer satisfaction, wile keeping the inventory handling cost within the bounds of organization. Te decision makers are always trying to achieve balance in the stocking; hwever they need to make significant decisions based on the size timing of order i.
hw much should they order and when is it appropriate to. ..
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