Shared Flashcard Set

Details

P301
Chap 13
10
Business
Undergraduate 4
11/30/2013

Additional Business Flashcards

 


 

Cards

Term
Sales and operations planning (S & OP)
Definition
A process of balancing resources and forecasted demand, aligning an organization's competing demands from supply chain to final customer, while linking strategic planning with operations over all planning horizons.
Term
Aggregate plan
Definition
A plan that includes forecast levels for families of products of finished goods, inventory, shortages, and changes in the workforce.
Term
Disagregation
Definition
The process of breaking an aggregate plan into greater detail.
Term
Chase strategy
Definition
A planning strategy that sets production equal to forecast demand.
Term
Level scheduling
Definition
Maintaining a constant output rate, production rate, or workforce level over the planning horizon.
Term
Mixed strategy
Definition
A planning strategy that uses two or more controllable variables to set a feasible production path.
Term
Graphical techniques
Definition
Aggregate planning techniques that work with a few variables at a time to allow planners to compare projected demand with existing capacity.
Term
Transportation method of linear
Definition
A way of solving for the optimal solution to an aggregate planning problem.
Term
Revenue (or yield) management
Definition
Capacity decisions that determine the allocation of resources to maximize revenue or yield.
Term
Master production schedule
Definition
A timetable that specifies what is to be made and when.
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