ENG ELC 220 Lecture Notes - Lecture 16: Yield Management, Load Profile, Frappuccino
22 Oct 2020
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Planning cycle: s&op takes place in different time periods all the time something needs to be planned, strategic planning, renting space for coffee shops, tactical planning, amount of coffee beans that need to be. Approaches differ in: time frame covered, level of detail, flexibility to change capacity ordered from suppliers, detailed planning & control, work shifts. We will calculate planning values in exercise if time left! & cost of changing levels is low: mixed production plan, plan that varies both production & inventory levels in effort to develop most effective plan, which plan best fits starbucks, chase or mixed production plan. S&op plans help managers make decisions but do not make decisions for them. Rolling planning horizons: planning approach in which an organisation updates its sales & operations plan regularly (monthly/quarterly, helps firm to fine-tune plan as new information becomes available.
