• Certificate Program in Data Science and Machine Learning
  • POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    4.8 out of 6071 learners
    2x industry demand
  • PROFESSIONAL CERTIFICATION IN SUPPLY CHAIN MANAGEMENT AND ANALYTICS
    Co-created with IIT Roorkee
    4.8 out of 5 by 469 learners
    4x
  • CERTIFICATION IN ARTIFICIAL INTELLIGENCE and MACHINE LEARNING
    Co-created with E&ICT Academy, IIT Guwahati
    4.8 out of 5 by 621 learners
    4x industry demand
  • Post Graduate Program for Agile Business Analyst
    4.5 out of 5 by 2187 Learners
    3X industry demand
  • POST GRADUATE PROGRAM IN DATA ANALYTICS and MACHINE LEARNING
    4.8 out of 5 by 3278 learners
    14 X industry demand
  • Data Science Prodegree
    Co-created with KPMG in India
    4.7 out of 5 by 6233 learners
    16 X industry demand

The nuances of operation planning supply chain management

Operation planning in supply chain management is a complex task. This is because the operation planning factors impact the production process. These factors include the availability of raw materials. They also include production facility capacity, demand for final product, and disruptions in the supply chain. Operation planning must also consider the company's objectives. This blog post discusses the nuances of operation planning. It also shares how to overcome some challenges.

1. Forecasting

A challenge in operation planning is forecasting. Forecasting estimates future demand for a product or service. This is difficult because many factors impact demand. They are the economy, changes in consumer preferences and new competitors.

AI and ML are used to help forecast demand. They analyse data to see trends. This can then be used to predict more accurately.

2. Production Capacity

Another challenge is production capacity. It is the maximum amount of a product or service produced by a manufacturing process.

There are two types of production capacity. They are theoretical and practical. Theoretical capacity is the maximum output that can be achieved. That is if all the machines in a production system are used to their full potential. Practical capacity is the maximum output that can realistically be achieved.

Practical capacity is often lower than theoretical capacity. This is because of many factors. They are downtime, maintenance, and employee breaks.

To overcome this challenge, firms need to assess their production capacity accurately. They can do this by doing production capacity analysis. This is a process that assesses the capacity of the production system. This also identifies constraints.

Constraints need to be identified. Then, firms put try to improve production capacity. This could mean investing in new machinery. Training employees to use the existing machinery can be done too.

3. Supply Chain Disruptions

Another challenge is supply chain disruptions. It is an event that disrupts the flow of goods and materials in the supply chain.

Supply chain disruptions occur due to many reasons. They are natural disasters, political unrest, and transportation problems. They can also be caused by suppliers going out of business. Failing to meet delivery deadlines is another reason.

Supply chain disruptions have a major impact on businesses. They can cause production to stop entirely. They can also lead to shortages of raw materials and finished products.

Firms must address supply chain disruption risks. This could involve diversifying the supplier base. Having alternative sources of raw materials is there. Making contingency plans can also be done.

4. Miscellaneous Challenges

It is important to think of other challenges impacting operation planning. They are quality issues and regulatory changes.

Quality issues can occur when products do not meet the required standards. This could lead to customer returns, production delays, and financial losses.

Regulatory changes can impact operation planning if the products or services being produced are subject to government regulation. For example, if the government introduces new environmental regulations, this could impact the production process and the materials used.

New product development can also impact operation planning. This is because new products often require different production processes and materials. This can lead to supply chain disruptions and production capacity changes.

It is essential to consider all of these potential challenges when operation planning. By doing so, companies can be better prepared to deal with them if they do occur.

Conclusion

Operation planning is a complex process that must take into account many factors. The challenges discussed in this article are just some of the challenges that need to be considered.

Companies must overcome these challenges to ensure that their operation planning is successful. They can do this by conducting a production capacity analysis, implementing measures to mitigate the risks of supply chain disruptions, and considering all potential challenges.

If you want to learn more about operation planning, overcoming these challenges, and embark on a career in this field, consider enrolling in Professional Certification in Supply Chain Management & Analytics by the prestigious IIT Roorkee. This program will give you the skills and knowledge you need to become a successful supply chain analyst.

Some key features of the operation planning course in supply chain management include Certification by IIT Roorkee, hands-on learning with real-world SCM projects, and live sessions with IIT Roorkee faculty and industry experts.

If you need assistance regarding the program, contact us through chat support or drive to our training centres in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad. We will be happy to assist you.

Leave a Reply

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • certification
    Certificate Program in Data Science and Machine Learning
    Course duration(months)
    5
    Upcoming batches
    1
    Organizations enrolled
    20
    Upcoming Batches
    Date Location Schedule
    Date Location Schedule
  • Finance
    POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 6071 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    3rd August Live Instructor - Led Training Online
    Date Location Schedule
  • Analytics
    PROFESSIONAL CERTIFICATION IN SUPPLY CHAIN MANAGEMENT AND ANALYTICS
    Co-created with IIT Roorkee
    Course duration()
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 5 by 469 learners
    4x
    Upcoming Batches
    Date Location Schedule
    21st November ONLINE Online
    Date Location Schedule
  • Placement Assistance
    CERTIFICATION IN ARTIFICIAL INTELLIGENCE and MACHINE LEARNING
    Co-created with E&ICT Academy, IIT Guwahati
    Course duration(Months)
    8
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 5 by 621 learners
    4x industry demand
    Upcoming Batches
    Date Location Schedule
    23rd October ONLINE Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program for Agile Business Analyst
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by 2187 Learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    25th July BANGALORE-KORAMANGALA Weekend
    Date Location Schedule
  • Post Graduation
    POST GRADUATE PROGRAM IN DATA ANALYTICS and MACHINE LEARNING
    Course duration(Months)
    5
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 5 by 3278 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    30th October CHENNAI Weekend
    Date Location Schedule
  • Prodegree
    Data Science Prodegree
    Co-created with KPMG in India
    Course duration(Months)
    2-4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 6233 learners
    16 X industry demand
    Upcoming Batches
    Date Location Schedule
    9th October ANDHERI Weekend
    Date Location Schedule