Dear Bhaskar,
You cannot implement production planning module (master data, processes, cycles) just based on some standard documentation or standard steps. The requirements are always client-dependent and cannot be covered by some standard steps.
Search in the forum and gather some knowledge over the industry. SAP has industry specific solutions, but that does not mean that an organization belonging to that industry has to follow the documented standard processes.
Kindly go through the document:
http://scn.sap.com/docs/DOC-5746
Search in the forum and get back with more specific queries.
Best Regards,
Rajen