Chap 13 Sales and Operations planning

12 terms by katepolley

Create a new folder

Advertisement Upgrade to remove ads

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.

level production strategy

the firm produces at a constant rate over the year.

chase strategy

the production rate is changed in each period to match the amount of expected demand.

mixed or hybrid strategy

a strategy that includes some elements of level production and some elements of chase production strategies.

yield management

a process that adjusts prices as demand for a service occurs (or does not occur).

Holding Inventory

having inventory on hand

Regular Production:

average labor and benefits

Overtime:

working more hours than standard

Hiring:

finding, acquiring and training new employees

Fire/Layoff:

separation packages

Backorder/lost sales:

expediting supply, lost good-will

Subcontracting:

unit cost and loss of control

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set