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11 Cards in this Set
- Front
- Back
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What kind of range does AGGREGATE PLANNING cover?
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Intermediate range (2-12 months)
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What are the 2 reasons for AGGREGATE PLANNING?
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1.) It takes time to implement plans.
2.) It is hard to predict the timing or volume of demand accurately. |
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What are the 4 steps to AGGREGATE PLANNING?
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1.) Forecast aggregate demand
2.) Create a general plan to meet the demand by setting output, employment, and finished-good inventory level capacities. 3.) Create a production plan using this data 4.) Update plan monthly. |
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What are aggregate planners concerned with when it comes to demand?
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The quantity and the timing.
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What is the difference between PROACTIVE and REACTIVE aggregate planning strategies?
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PROACTIVE is dealing with/altering demand while REACTIVE is dealing with/altering capacity.
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What is the difference between a LEVEL CAPACITY STRATEGY and a CHASE DEMAND STRATEGY?
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LEVEL CAPACITY STRATEGY keeps the same output all the time while CHASE DEMAND STRATEGY matches capacity to demand.
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What level/length of planning covers:
machine loading and job assignments? |
SHORT-RANGE
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What level/length of planning covers:
employment and output? |
INTERMEDIATE-RANGE
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What level/length of planning covers:
long-term capacity and location/layout decisions? |
LONG-TERM
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What is the OUTPUT of AGGREGATE PLANNING?
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A production plan
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If you periodically update your plan, what kind of planning horizon does this create?
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A rolling planning horizon
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