There are several key factors that contribute to the success of production planning for a product or a service.
In general, your production planning must align with your overall operations strategy, which in turn must align with your overall corporate strategic objectives. Consider your internal and external environments as well as your company's vision, mission and values. If you make a low-cost product that can be delivered within 72 hours, make sure your operations strategy and production planning processes align.
Your production planning and production processes must be able to deliver key performance objectives, which vary from business to business. But the levels of performance must be defined by your customer. Here are some examples.