Question

What are planning parameters? Why is important to know the planning parameters at the beginning of the planning process?

Answer 1

Answering: The planning parameters are the first concern that includes the planning such as the time period, safety stock calculations, and all shorts of the availability that is required for a particular process.

The planning parameters are important at the beginning of the planning process because it provides platform to know about the availability of the resources that can be used I the planning process. It also enables to identify the better methods, precaution that should be taken while planning process.