ManagementMania AppMania EduMania JobMania BusinessPages

What is Planning
Planning is one of key managerial functions and therefore applies to all fields and aspects of an organization: economics and finance, Informatics, quality management, human resources, logistics and transportation, organizational management, marketing, services, production.

Planning“The supreme task of business management is to identify specific business goals through which an ultimate goal, long-term profit maximization is to be achieved, as well as the formulation of business policy, i.e. “a marching route” which the enterprise has to adhere to in order to achieve these goalsas efficiently as possible.”

Günther Wöhe

Planning is one of the key managerial functions and therefore applies to all fields and aspects of an organization: Economy and Finance, Informatics, Quality, Human Resources, Logistics and Transportation, Organizational management, Marketing, Services, Production.

According to the period in which the planning takes place, one can distinguish between Strategic planning, Tactical planning and Operational planning. Forecasting deals with the prediction of a company´s long-term development.

Strategic planning is crucial for the long-term direction of an organization (business), for marketing, investment decision making, human resources development and research and development.

Tactical and operational planning plays a key role in organizational fields which are characterised by frequent fluxes of resources, namely financial resources and material in production process (purchase and sale).

Different types of business plans

  • Financial plan (integrates all plans with the help of a financial statement)
  • Sales plan
  • Project plan
  • Production plan
  • Human resources development plan
  • Personal Development Plan
  • Investment plan
  • Maintenance and repair plan

Partial plans must be interdependent.

The essence of planning is the determination of goals or target values and, possibly, ways how to achieve them. Planning has to taken all relevant internal and external factors affecting the achievement of goals or target values into account.

The fundamental plan of an organization is its global strategy.

Planning methods:

  • Bidirectional Planning (Top-Down/Bottom-Up)
  • Progressive Planning (Bottom-Up)
  • Retrograde Planning (Top-Down)
  • Strategic Alternatives
  • Strategic Management

Methods and integrated planning systems in production and logistics and resource planning:

  • APS (Advanced Planning & Scheduling)
  • ERP (Enterprise Resource Planning)
  • MRP (Material Requirements Planning)
  • MRP II (Manufacturing Resource Planning)
  • JIT (Just-in-time)
  • DBR (Drum Buffer Rope)
  • SCM (Supply Chain Management)

Financial planning includes:

Which analytical techniques are used in planning?

Related terms and methods:

Related management field:

previous next
Did this article help you?
Last update: 08.01.2017


prima saju 7 months

It’s a key managerial action that is applied for organization management, marketing, services, and production, etc. The supreme authority of the business activities helps us to do the formulation of the business policy. We can achieve the goals effectively.

Was this helpful?
Samuel Darden 6 months

Loving the information on this site, you have done great job on the blog posts. free fire garena

Was this helpful?
heeena khan 6 months

This is very good, it will be on my saved recipes list. and real gift card generator and dailymotion download and buy high quality backlinks

Was this helpful?
tepim zippiex 5 months

Weslo Cadence G 5.9 is one of the best treadmills for home under 500. The best aspect of this treadmill is that it can be folded up so it saves a lot of storage space.

hy vee connect |
best treadmills for home |

Was this helpful?
ceckouuuu mecko 4 months

Very easy to get around and it is loaded with loads of information. All things are on place. Will you care to analyze my weblog?
nova legacy online hack

Was this helpful?
kronos poker about 1 month
Was this helpful?

To enter the discussion you must be signed in

Sign in

Related consulting companiesmore...
We can do it