Script to schedule Backup All Databases

DECLARE @name VARCHAR(100)  
DECLARE @path VARCHAR(256)
DECLARE @fileName VARCHAR(256)
DECLARE @fileDate VARCHAR(20)

SET @path = 'LOCATION '  ---Mention path

SELECT @fileDate = CONVERT(VARCHAR(20),GETDATE(),112)+'_1'

DECLARE db_cursor CURSOR FOR
SELECT name
FROM master.dbo.sysdatabases
WHERE name NOT IN ('master','model','msdb','tempdb')

OPEN db_cursor
FETCH NEXT FROM db_cursor INTO @name

WHILE @@FETCH_STATUS = 0
BEGIN
       SET @fileName = @path + @name + '_PROD'  + '.BAK'
       BACKUP DATABASE @name TO DISK = @fileName WITH NOFORMAT, INIT,SKIP, NOREWIND, COMPRESSION, NOUNLOAD,  STATS = 10

       FETCH NEXT FROM db_cursor INTO @name
END

CLOSE db_cursor
DEALLOCATE db_cursor