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Details Title: Operations Description: Aggregate Production Planning Total Flash Cards: 9 Created: 04/04/2007 22:12:22	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term *Aggreagate Production Planning (def.) -Most common "Nature(s) of aggregation" (3) Definition *A managerial statement of time-phased production rates, work-force levels, and inventory investment, which takes into account customer requirements and capacity limitations. -nature of the product -amount of raw material to be used -some other type of resource others include labor, geography, and product categoy Term The plan with the longest time horizon Definition Aggregate production planning Term What type of industries will often have longer planning horizons and/or larger time buckets? Definition Industries with LONG tead times and STABLE products Term *What is a rolling time horizon? -What steps of aggregate production planning have a rolling time horizon? Definition *When the first bucket is completed, a meeting is held where the remaining 11 months are evaluated and a NEW 12th month is tacked on to the end. -aggregate production planning -master production planning Term The "1st level of disaggregation of the aggregate plan." Definition Master Production Scheduling Term *What happens at master production scheduling? -How does the time horizon compare to the aggregate production planning's time horizong? Definition *The break down of products into more real end units. -usually shorter (under no circumstances is it longer) Term *Under aggreagate production planning there are three lower levels of planning. (name and key characteristics) Definition Master Production planning -1st level of disaggregation -Break-down into more real end-items -Horizon and buckets are no larger than APP Material Requirements Planning -Extreme detail, down to each nut and bolt Shop Floor Scheduling -Detailed, actual production scheduling Term Three Strategic Plans for the APP/MPS problem (with fluctations and constant information) Definition Chase Production and manpower fluctuates Level Constant workforce/production levels with fluctuating inventory levels Stable Workforce Size of workforce is constant, but number of hours fluctuates Term Ending Inventory formula Definition Ending Inventory = Begin Inv. + Production - Demand