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In product type, if I select Planning item for this product.
Is it the product for future production ?
Please confirm whether I understand right or not.
Thank you very much
Yes, this relates to master planning. So, we use master planning to correctly plan our inventory and needs for the future. One of many ways that you can see a planned order is by simply looking at some of the planned orders. If you want to see a list of the items, go to Master Planning --> Common --> Planned Orders. You will see items there.
Edit: I should have given a better definition. Just think of this as a way to group a number of individual components (which will show up in inventory) as one component. Example, say a computer had a motherboard, hardrive, powersupply, and case. Maybe, you are in the business of selling the motherboard individually, the harddrive individually, the power supply individually, and the case individually. So, even though we sale the components individually, we can treat them within our system as some sort of grouping term that we give them -- perhaps "computer" in this case. That would be very helpful for handling goods that come from breaking down other goods, and we could use these logical groups to simplify certain inventory formulas. That allows for you to do a number of things which really facilitate the Master Planning process.
Hope that helps.
A planning item however is a group of items that only produces co/by products.
From the manual - Chapter 4 of process manufacturing:
Planning Item - Some processes produce only co-products without producing any primary formula items. As a result, the production cost needs to be allocated only between the co-products generated. Microsoft Dynamics AX 2012 addresses this through a planning item, a place-holder to retain the formula lines, co-products and by-products in the respective forms.
Planning Formula - You can use the planning formula to produce the co-product. You select the formula item and then the formula is used in batch order processing. This applies to all items of the production type Co-products. You can specify the planning formula for the relevant co-product at the released product level, and this will generate a planned order for the planning item to produce co-products. You can also identify the planning formula in the Planned order form for the co-product demand. You can select the planning formula even after performing the Master scheduling. This flexibility accommodates up-to-date changes in the production scheduling.