Question

How is production plan helpful?
Or
A production plan helps to plan the work in such a manner that one can clearly form an idea about which aspects?

Answer 1

Answer:

Here are some advantages of an effective production plan and scheduling. Reduced labour costs by eliminating wasted time and improving process flow. Reduced inventory costs by decreasing the need for safety stocks and excessive work-in-process inventories. Optimized equipment usage and increased capacity.

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