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