10 Questions
What is the process of coping with changes called?
Control
What type of planning uses totally disaggregated forecasts/actual demand?
Short-term planning
What does uncertainty in supply and demand make more difficult?
Planning and Control
What is the nature of long-term planning and control?
Aggregated demand forecasts
What is the intervention needed in short-term planning and control for?
To correct deviations from plans
What is the main difference between medium-term planning and control and short-term planning and control?
Medium-term planning uses partially disaggregated demand forecasts, while short-term planning uses totally disaggregated forecasts/actual demand
What is the nature of supply and demand that makes planning and control more difficult?
High variability in supply and demand
What does long-term planning and control use to determine resources?
Aggregated demand forecasts
What is the main objective set in medium-term planning and control?
Financial & operations terms
What is the primary focus of short-term planning and control?
Making interventions to correct deviations from plans
Test your knowledge of planning and control with this quiz! Explore the concepts of formalizing future intentions, coping with changes, long-term and short-term planning, and more. Perfect for anyone seeking to deepen their understanding of these essential business processes.
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