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Operations Mgmnt.

Prof. Fandel: Chapter 11/13 Forecasting and Demand Planning/ Resource Management

QuestionAnswer
Resource Management Deals with the planning, execution, and control of all the resources that are used to produce goods or provide services i a value chain.
Resource Management Objectives: 1) Maximize profits and customer satisfaction 2) Minimize coasts, or 3) Maximize benefits to stakeholders
Aggregate Planning The development of a long-term output and resource plan in aggregate units of measure.
Disaggregation The process of translating aggregate plans into short-term operational plans that provide the basis for weekly and daily schedules and detailed resource requirements.
Execution Refers to moving work from one workstation to another, assigning people to tasks, setting priorities for jobs, scheduling equipment, and controlling processes.
Managers' options in developing aggregate plans in the face of fluctuating demand: 1) Demand management 2) Production-rate changes 3) Workforce changes 4) Inventory smoothing 5) Facilities, equipment, and transportation
Created by: KAzetapi
 

 



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