REGNRSG 105 Lecture Notes - Lecture 11: Strategic Planning, Operations Plan, Cash Flow
Document Summary
Performed once a month: s&op in the planning cycle. Planning takes place at several levels each covering different period of time of the future. Strategic planning = takes place at the highest level of the firm, addressing needs that might not arise for years into the future; least amount of specific info; greatest degree of flexibility. Tactical planning = covers a shorter periods, usually 12-24 months out, although planning horizon may be longer in industries with very long lead times (e. g. engineer-to-order firms); fills gap between strategic planning and detailed planning. They differ in time frame covered, level of planning detail required, degree of flexibility managers have to change capacity. Indicates how organization will use its tactical capacity resources to meet expected customer demand (e. g. size of workforce, inventory, nr. Of shifts, etc. : strikes a balance between various needs & constraints of supply chain partners.
