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SBAD 475 ADV OM13

Managing Operations Chapter 13

QuestionAnswer
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)
Created by: pitufran
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