Supply Chain Management - Ch 13
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Created by:
kylewaters13 on December 12, 2011
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7 terms
Terms | Definitions |
|---|---|
 aggregate production plan | 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. |
| mixed or hybrid strategy | A strategy that includes some elements of level production and some elements of chase production strategies. |
| rolling planning horizons | Replan each period (month or quarter), for a given number of periods into the future. |
| 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). |
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