Product Planning

Product planning in materials management involves strategizing the development and delivery of products to ensure they meet customer needs while optimizing resources. It includes forecasting demand, selecting materials, organizing production schedules, and managing inventory levels. The goal is to balance quality, cost, and time, ensuring that the right products are available in the right quantities at the right time. By effectively coordinating these elements, businesses can improve efficiency, reduce waste, and enhance customer satisfaction, ultimately contributing to the company's success.