Opm 311- Chapter 13 - Aggregate Planning, Part 6, Inventory Management

Front 1

Aggregate planning

Back 1

Intermediate-range capacity planning, usually covering 2 to 12 months.

Front 2

Sales and operations planning

Back 2

Intermediate-range decisions to balance supply and demand, integrating financial and operations planning.

Front 3

Level capacity strategy

Back 3

Maintaining a steady rate of regular-time output while meeting variations in demand by a combination of options.

Front 4

Chase demand strategy

Back 4

Matching capacity to demand; the planned output for a period is set at the expected demand for that period.

Front 5

Simulation models

Back 5

Computerized models that can be tested under different scenarios to identify acceptable solutions to problems.

Front 6

Yield management

Back 6

The application of pricing strategies to allocate capacity among various categories of demand.

Front 7

Master schedule

Back 7

Shows quantity and timing of specific end items for a schedulized horizon.

Front 8

Master production schedule (MPS)

Back 8

This schedule indicates the quantity and timing of planned completed production.

Front 9

Rough-cut capacity planning (RCCP)

Back 9

Approximate balancing of capacity and demand to test the feasibility of a master schedule.

Front 10

Time fences

Back 10

Points in time that separate phases of a master schedule planning horizon.

Front 11

Available-to-promise (ATP) inventory

Back 11

Uncommitted inventory.