Supply Chain Planning Flashcards
what are the parts of production planning
Forecast
“Kanban” - replaced “Used” Quantities
Capability
what is aggregate production planning
annual and quarternly business plans into broad labor and output plans
used to decide production rate, workforce, and inventory
what are the three production planning strategies
chase strategy
stable workforce - variable hours
level strategy
what is the chase strategy
match the production rate by hiring and laying off employees (must have trained/capable applicants)
what is the stable workforce strategy
vary the number of hours worked through flexible work schedules or overtime
what is the level production strategy
demand changes are absorbed by fluctuating inventory levels, backlogs, and lost sales
what is S&OP
Sales and Operations Planning
Who should attend S&OP
Marketing/Sales
Supply Chain
Finance
DECISION MAKERS
What should happen in S&OP
discuss unconstrained demand
discuss constraints
decide - supply, demand, financial, initiative plans
