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SBAD 475 ADV OM13
Managing Operations Chapter 13
Question | Answer |
---|---|
Aggregate planning | Specifies the production rates, inventory, employment levels, backlogs, possible subcontracting, and other resources needed to meet the sales plan |
Chase strategy | The production rate is changed in each period to match the amount of expected demand |
Level production strategy | The firm produces at a constant rate over the year |
Rolling planning horizons | Replan each period (month or quarter), for a given number of periods into the future |
Mixed or hybrid strategy | A strategy that includes some elements of level production and some elements of chase production strategies |
Sales and operations planning (S&OP) | A process to develop tactical plans by integrating customer-focused marketing plans for new and existing products with the operational management of the supply chain |
Yield management | A process that adjusts prices as demand for a service occurs (or does not occur) |