Planning and Control
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Questions and Answers

What is the process of coping with changes called?

  • Formalization
  • Control (correct)
  • Aggregation
  • Planning

    • What type of planning uses totally disaggregated forecasts/actual demand?

  • Medium-term planning
  • Long-term planning
  • Short-term planning (correct)
  • Ad hoc planning

    • What does uncertainty in supply and demand make more difficult?

  • Formalization of plans
  • Long-term objectives
  • Planning and Control (correct)
  • Aggregation of resources

    • What is the nature of long-term planning and control?

    <p>Aggregated demand forecasts</p> Signup and view all the answers

    What is the intervention needed in short-term planning and control for?

    <p>To correct deviations from plans</p> Signup and view all the answers

    What is the main difference between medium-term planning and control and short-term planning and control?

    <p>Medium-term planning uses partially disaggregated demand forecasts, while short-term planning uses totally disaggregated forecasts/actual demand</p> Signup and view all the answers

    What is the nature of supply and demand that makes planning and control more difficult?

    <p>High variability in supply and demand</p> Signup and view all the answers

    What does long-term planning and control use to determine resources?

    <p>Aggregated demand forecasts</p> Signup and view all the answers

    What is the main objective set in medium-term planning and control?

    <p>Financial &amp; operations terms</p> Signup and view all the answers

    What is the primary focus of short-term planning and control?

    <p>Making interventions to correct deviations from plans</p> Signup and view all the answers

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