MGIS 317 Lecture Notes - Job Production, Mass Production, Batch Production

• School: University of Calgary
• Department: Management Information Systems
• Course: MGIS 317
• Professor: Ronald Schlenker

Document Summary

Operations planning- preparing input resources to supply products to meet expected demand. Operations planning- the importance of the marketing link. Perhaps the key information needed by an operations manager when planning future productions levels is estimated or forecasts market demand. This is a crucial link-trying to match supply to potential demand. This process is called sales and operations planning. If the sales forecasts are reasonably accurate, then operations managers should be able to: Match output closely to the demand levels. Keep stock levels to a minimum efficient level. Reduce wastage of production, e. g. by perishable products being rejected due to being too old. Employ and keep busy a stable, appropriate number of staff. If actual demand turns out to be either higher or lower than forecast, there is a great need for. Operational flexibility- the ability of a business to vary both the level of production and the range of products following changed in customer demand.