SCM 301 Chapter Notes - Chapter 10: Yield Management, Maximum Capacity, Management System
Document Summary
Determining the quantity and timing of production for the intermediate future (~3-18 months) Aggregate planning: the process brings together all the plans for the business into the plans for the business into one integrated set of plans. A logical overall unit for measuring sales and outputs. A forecast of demand for intermediate planning period in these aggregate planning. A model that combines forecasts and costs so that scheduling can be made for the planning period. Strategic planning: planning that takes place at the highest levels of the firm, addressing needs that might not arise for years into the future. Tactical planning: planning that covers a shorter period, usually 12 to 24 months out, although the planning horizon may be longer in industries with very long lead times. Detailed planning and control: planning that covers time periods ranging from weeks down to just a few hours out periods ranging from weeks down to just a few hours out.
