Importance And Importance Of Resource Planning

1098 Words5 Pages
The Importance of Resource planning: The organization is where resources come together. Organizations use different resources to accomplish goals. The major resources used by organizations are often described as follow: (1) Human resources, (2) Financial resources, (3) Physical resources, and (4) Information resources. Managers are responsible for acquiring and managing the resources to accomplish goals. Resource planning is the efficient and effective deployment and allocation of an organization 's resources when and where they are needed. Such resources may include financial resources, inventory, human skills, production resources, or information technology. Large organizations usually have a defined corporate resource planning process which mainly guarantees that resources are never over-allocated across multiple projects. Peter Drucker wrote of the need to focus resources, abandoning a less promising initiatives for every new project taken on, as fragmentation inhibits results. One resource planning technique is resource leveling. It aims at smoothing the stock of resources on hand, reducing both excess inventories and shortages. The required data are: The demands for various resources, forecast by time period into the future as far as is reasonable, as well as the resources ' configurations required in those demands, and the supply of the resources, again forecast by time period into the future as far as is reasonable. The goal is to achieve 100% utilization but
Open Document