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Decision Making and its Importance in Production Planning within the Woodprocessing Company, Respectively in the Whole Supply Chain

Patrik Aláč
2015 Procedia Economics and Finance  
We can say that planning is the first and one of the most important managerial function because of its specification the business goals and description of relevant tasks to meet those goals. Within the all managerial functions but mainly in planning, there is also necessary to deal with the decision making process and its elements. We have done an investigation of decision making and planning processes in particular wood processing company in Slovakia. We have found that this company doesn´t
more » ... company doesn´t use appropriate decision making methods what results in complications in other related processes and finally in complaints from the customers. Production can be characterised as a system with inputs and outputs. Transformation process is the most effective when it runs under optimal costs, under optimal amount of consumed inputs and by spending optimal time. It must be chosen suitable decision making, monitoring and calculating methods which allow to quantify and to compare particular alternatives and to choose the best one. All these above mentioned is very topical just now, in the time of financial and economic crisis.
doi:10.1016/s2212-5671(15)01686-x fatcat:6pt4xgmbgjgf7nzzoajnd6ssk4