Production schedule is a plan sheet of how the production budget should be spent over a given period of time. Let’s say like daily, weekly, monthly, quarterly, or yearly depending on the time scale of the business project. To run a successful business, you need to prepare Daily Production Schedule. This will help you to maximize the company’s productivity. However, an effective production schedule is a complex process that will cover a wide variety of events and activities to make sure that the production material, equipment and human resources are available at all tome when and where they are required. Daily Production Schedule will help you to know and monitor the progress of the project and also know how long it will take to complete the project. Below are the key guidelines that will help business owner and business managers to create an effective and sound Daily Production Schedule.
Estimate Market Expectations
In order for you to plan a Daily Production Schedule effectively, you will need to estimate your market expectations like potential sales that have some reliability. If you do not have totals of solid numbers on future sales then you can estimate your market expectations based on your previous sales, established orders, market trends or any previous market information that can be useful.
Stock control is all about generating the utmost profits with minimum stock investment without affecting the satisfaction level of the clients. Stock controlling also will help you in knowing your stock totals and making sure it is all accounted for at any given time. Stock controlling will have a great positive impact on preparation of Daily Production Schedule.
Equipment’s and Human Resources
When you are creating a production schedule, you should consider the availability of each and every equipment and human resources. Daily Production Schedule should cover all the considerations on equipment and human resources like the availability of each piece of equipment and tools, equipment repair and maintenance. For human resources you should consider the availability of each human resource, production skills, overtime, sick and vacation days.
The most efficient way to determine your production steps is to map and track the production process in the order in which they take place and then include the average time taken to complete that particular project. After you complete the production process mapping, you will understand how long it will take to complete the entire project. It is also very helpful to standardize the work and time for similar or repeated work so that you can minimize the production cost and resources involved.
Risk Factors Involved
Daily Production Schedule should include all the risk factors that are involved in the production process. To better evaluate these risk factors, you should try collecting all the information and experiences on similar previous work, actual time taken, production materials and failures that were experienced. This will allow you to determine ways that will help you minimize any potential risks and problems within the production process.