Production planning plays an important role for any successful business, but it’s hard to find a case where planning or scheduling would have as great an impact as with manufacturing companies, where bad production planning might be a beginning of a disaster or proper planning may be a strong competitive advantage. As Benjamin Franklin once […]
In one of our previous posts, we have already talked about what kind of information goes into production planning (you can find it here: Manufacturing Production Planning — what is it?). Today we are going to dive into the practical side of it, how to put operations into the schedule in different situations.
New studies reveal that the cost competitiveness of manufacturing across the globe has shifted. For example, according to the Boston Consulting Group, even though China remains the number one country in terms of manufacturing competitiveness, the manufacturing cost advantage over the U.S. has shrunk to less than 5 percent.