Aggregate Planning and MPS

Question 1

Process of integrating sales forecasts with operations plans.

Answer 1

sales and operations planning

Question 2

Monthly planning for sum of all the products in the same family (produced in the same facility) for the next 12 months or so.

Answer 2

aggregate operations planning

Question 3

Maintaining a steady rate of output and workforce while meeting variations in demand and changes in required safety stocks by inventories.

Answer 3

level output/workforce strategy

Question 4

Matching output to demand; the planned output for any period is set at the forecast of demand and required changes in safety stocks for that period.

Answer 4

chase demand strategy

Question 5

The application of variable pricing strategy to allocate capacity based on capacity availability.

Answer 5

yield management

Question 6

The anticipated build schedule expressed in the quantity (lot size) and timing of each product for the next 12 weeks or so.

Answer 6

master production schedule (MPS)

Question 7

Converting the MPS into requirements for key resources in order to test the feasibility of a proposed master production schedule.

Answer 7

rough-cut capacity planning

Question 8

Uncommitted planned inventory.

Answer 8

available-to-promise (ATP) inventory

Question 9

Points in time that separate zones of a master production schedule.

Answer 9

time fences