MGT 2070 Study Guide - Final Guide: Material Requirements Planning, Enterprise Resource Planning, Information System
Chapter 13
Aggregate planning: Approach to determine the quantity and timing of
production for the intermediate future(3-18 months ahead)
Chase strategy: A planning strategy that sets production equal to forecasted
demand
Mixed Strategy: A planned strategy that uses 2 or more controllable variables to
set a feasible production plan.
Scheduling Decisions: Plans that match production to changes in demand
Transportation method of linear programming: A way of solving for the optimal
solution to an aggregate planning problem
Master production schedule: A timetable that specifies what is to be made and
when
Level scheduling: Maintaining a constant output rate, production rate or
workforce level over the planning horizon.
Graphical Techniques: Aggregate planning techniques that work with a few
variables at a time to allow planners to compare projected demand with existing
capacity.
Management coefficients model: Formal planning model built around a managers
experience and performance
Disaggregation: process of breaking an aggregate plan into greater detail
Yield (or revenue) management: capacity decisions that determine the allocation
of resources to maximize profit or yield
Chapter 14
Time fences: means for allowing a segment of the master schedule to be designed
as ot to e resheduled
Enterprise resource planning(ERP): Information system for identifying and
planning the enterprise wide resources needed to take, make, ship and account
for customer orders
Gross material requirements plan: schedule that shows the total demand for an
item(prior to subtraction of on hand inventory and scheduling receipts) and when
it must be ordered from suppliers or when production must be stated to meet its
demand by particular date.
Planned order release: the scheduled date for an order to be released.
Planned order receipt: The quantity planned to be received at a future date
Bucketless system: time phased data are referenced using dated records rather
than defined time periods, or buckets
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Document Summary
Aggregate planning: approach to determine the quantity and timing of production for the intermediate future(3-18 months ahead) Chase strategy: a planning strategy that sets production equal to forecasted demand. Mixed strategy: a planned strategy that uses 2 or more controllable variables to set a feasible production plan. Scheduling decisions: plans that match production to changes in demand. Transportation method of linear programming: a way of solving for the optimal solution to an aggregate planning problem. Master production schedule: a timetable that specifies what is to be made and when. Level scheduling: maintaining a constant output rate, production rate or workforce level over the planning horizon. Graphical techniques: aggregate planning techniques that work with a few variables at a time to allow planners to compare projected demand with existing capacity. Management coefficients model: formal planning model built around a managers experience and performance. Disaggregation: process of breaking an aggregate plan into greater detail.
