What is Resource Planning
Resource planning refers to arranging of resources. This term aims at full utilization of resources. It avoids the wastage of resources and aims for maximum efficiency. It involves making proper plans and strategies for the usage of resources.
Resources are all limited and scarce so there proper planning is essential. Resource planning shows a complete blueprint for the usage of resources. This acts as a remedy for any business failure. It has an effective role in the achievement of business objectives.
All big companies focus on resource planning for their operations. These businesses plan for their resources using different strategies. They are able to avoid losses & unfavourable conditions in the business. So, every business should design a proper resource plan before using them.
Importance of Resource Planning
Identification of Resources
This is one of the important function of resource planning. It identifies all the resources available for the use. After identification, a proper plan is made regarding their use. These plan help in better use and avoid any inefficiency. Business is able to get what resources they have. It helps in detecting timely the shortage of resources.
Avoiding Resources Wastage
Resources are limited & need to be protected. They should be used with full care. Resource planning aims at full efficiency of resources. It draws a proper plan for the use of resources. It helps in the usage of resources towards most beneficial & efficient use. All inefficiencies & wastage of resources is minimized through it.
Easy Tracking of Remaining Resources
Resource planning helps in keeping an eye on all the resources. It tracks all the resources in all organization. Any scarce resource in the organization can be easily detected. Once these scarce resources are identified, then accordingly they are used. Attempts are made to ensure sufficient availability of resources. It helps business in carrying out their operations regularly. Any deficiency of resource inputs to business are avoided through it.
Serving Future Generations
Resource planning plays an effective role in serving the future generation. It takes utmost care of the needs of coming generations. Resources are limited & regular usage will lead to exhaustion. It makes such plans that no resources are conserved and are not wasted. This way the needs of the coming generations will be served.
The environment is saved through proper resource planning. Resources planning aims at more & more usage of renewable resources. It conserves & saves non-renewable resources and avoids their wastage. This way the environment is saved from degradation and pollution. Resource planning focuses on various environment-friendly activities like soil conservation & proper use of land.