PHYSICS 102 Lecture Notes - Lecture 7: Strategic Planning, Cash Flow, Yield Management
Document Summary
Sales and operations planning (s&op) process to develop tactical plans by integrating marketing plans for new and existing products with the management of the supply chain. The process brings together all the plans for the business into one integrated set of plans. Strategic planning planning taking place at the firm"s highest levels, addressing needs that might not arise for years into the future. Tactical planning planning covering 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. These three approaches differ in (1) the time frame covered, (2) the level of details required, and (3) the degree of flexibility managers have to change capacity. S&op is aimed at helping business develop superior tactical plans:
