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Operations Mgmnt.
Prof. Fandel: Chapter 11/13 Forecasting and Demand Planning/ Resource Management
| Question | Answer |
|---|---|
| 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 |
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