| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 7 |
NO. 2 |
PAPER 7 |
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CHANGING TRENDS IN PRODUCTION PLANNING POTENTIAL CHALLENGES AND THE RESOLVING WAYS AHEAD |
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| Dinesh Dhoka* and Y.Lokeswara Choudary** |
| * Research Scholar, SRM University, Chennai, Tamil Nadu,India |
| Asst.Professor &Research Supervisor, SRM B-School, SRM University, Vadapalani, Chennai, Tamil Nadu, India |
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| Todays ERP systems offer MPS and MRP Modules to address the inventory requirements. Beyond the I.T. systems, elaborate understanding of these Modules are required to keep inventory at a minimum without compromising on service levels. A good PP system will make the company more flexible and allow spending only on what is completely necessary to make the product. The primary objective of the present paper is to study the existing systems and to explain the possible improvements to the existing practices. This can help in understanding the possibility for improvement and to redesign the existing systems for better productivity at optimum cost possible. This, in turn, can help organizations to improve profitability and to serve the society with low cost products and services. The ultimate objective of any system is to serve the stakeholders interests and to survive in the long run. The present paper focuses on many aspects relating to production challenges and the strategies to resolve the same. |
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