BU395 Chapter Notes - Chapter 13: Full-Time Equivalent, Master Production Schedule, Variable Pricing
Document Summary
Sales and operaions planning process of integraing sales forecasts with operaions plans. Aggregate operaions planning monthly planning for all the products in the same family (produced in the same facility) for the next 12 months or so. Demand opions: a) pricing b) promoion c) backorders d) complementary products. Capacity opions: a) hiring and laying of permanent workers b) using overime/idle ime c) hiring and laying of part-ime/temporary workers d) stockpiling inventories. Aggregate planners might adopt a number of strategies. Some of the more prominent ones are : Change output to match demand period by period. Level output/workforce strategy maintaining a steady rate of output and workforce while meeing variaions in demand by a combinaion of inventories and backorders. Chase demand strategy matching output to demand; the planned output for any period is set at the forecast of demand for that period. Transportaion model and notaion for aggregate producion planning.
