Exam3 - FC2 - The flashcards are formatted for printing....

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Aggregate Plan Aggregate Plan
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Details the aggregate production rate decisions, work force decisions, and inventory scheduling decisions over an intermediate planning horizon. AKA production plan
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Aggregate Plan Planning Horizon
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Usually stated as six to eighteen months in the aggregate plan, but if there’s seasonality in the demand for the output of the system, the plan should normally cover at least twelve months to react Plan of attack to cover us over an intermediate planning horizon.
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to seasonal swings in demand.
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Aggregate Plan Units Aggregate Plan Units
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Level of planning with little detail; rough (i.e. plan for units of hair driers without regard for whether they are 1500 or 1600 watt dryers, travel dryers, etc). Planning is performed for a composite or average unit of product in a particular family of similar products; individual end product identity is typically not present.
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Demand Forecast; Regular Capacity Limit Aggregate Plan Units
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Decisions are typically aggregated into monthly time periods;
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Exam3 - FC2 - The flashcards are formatted for printing....

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