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This comprehensive guide explores the significance of inventory optimization in ERP systems, key components, benefits, and strategies to unlock efficiency in inventory management.

Production planning and control (PPC) is a set of activities that ensure the efficient utilization of resources, including materials, labor, equipment, and facilities, to meet production objectives. The primary goal of PPC is to plan and coordinate production activities to maximize efficiency, minimize costs, and meet customer demands with high-quality products. This involves setting production schedules, managing inventory, controlling work-in-progress, and continuously monitoring and improving production processes.