Manufacturing resource planning is a term for a kind of “master plan” that includes all of the resources of a manufacturing company. Those within the planning community identify modern manufacturing resource planning as MRP II, which has some additional improvements over the original MRP, or ...
Project team members need clear directions from the project manager and other project leaders so that they can execute the work that’s expected from them. These directions come in the form of a project plan. However, a project plan is more than just a set of instructions for the project t...
Project implementation, or project execution, is the process of completing tasks to deliver a project successfully. These tasks are initially described in the project plan, a comprehensive document that covers all areas of project management. However, a secondary action plan, known as an implementatio...
Types of Manufacturing Production There are three main types of manufacturing production: make-to-stock (MTS), make-to-order (MTO), and make-to-assemble (MTA). Make-to-Stock (MTS)is a traditional manufacturing strategy that relies on past sales data to forecast consumer demand and plan the...
Project planning is one of the most important parts of a successful project. If you’re like many, the idea of creating a project plan sounds simple in theory, but in practice, you might not know where to start. We’ve compiled everything you need to know to create a successful project...
Product Plan: What features should we prioritize for the product’s development? How will we determine the price points for our product? Which vendors will we work with for manufacturing? What will be our revenue targets, our goals for new-customer adoption and other metrics that we can track...
such as outsourcing some stages. The production mapping identifies which steps are interdependent and which can be performed simultaneously. Let’s say the job is to produce 1,000 children’s bicycles. Manufacturing the bicycle frames consists of a series of steps that must happen in sequence —...
A business plan is not a surefire recipe for success. The plan may have been unrealistic in its assumptions and projections to begin with. Markets and the overall economy might change in ways that couldn't have been foreseen. A competitor might introduce a revolutionary new product or service....
A business plan is a document that outlines a company's goals and the strategies to achieve them. It's valuable for both startups and established companies. For startups, a well-crafted business plan is crucial for attracting potential lenders and investors. Established businesses use business ...
What action plan for manufacturing?Reynolds, Melanie