What are the three activities that are a part of production planning and describe them?

Production planning involves several key activities:

1. Forecasting Demand: This activity involves predicting future customer demand for products to ensure that production levels meet market needs. It helps in determining the quantity of goods to be produced.

2. Capacity Planning: This involves assessing the production capacity needed to meet the forecasted demand. It ensures that the necessary resources, such as machinery and labor, are available and effectively utilized.

3. Scheduling: This activity entails creating a detailed timetable for production processes, including when to start and finish production runs, to optimize workflow and meet delivery deadlines. It ensures the smooth execution of operations and effective resource allocation.