15 Questions
Planning and Control Long-term P&C Uses aggregated demand ______
forecasts
Medium-term P&C Uses partially disaggregated demand ______
forecasts
Short-term P&C Uses totally disaggregated ______/ actual demand
forecasts
Nature of Supply and Demand Uncertainty in supply and demand Uncertainty makes P&C more difficult
uncertainty
Degree of uncertainty in demand affects balance Greater uncertainty = more difficult to pla.
plan
Long-term planning doesn't require an event to actually happen.
True
Short-term planning uses totally disaggregated forecasts/actual demand.
True
Greater uncertainty in demand makes planning and control easier.
False
Medium-term planning determines resources and contingencies.
True
The nature of supply and demand introduces uncertainty which makes planning and control more difficult.
True
Planning is the formalization of what is intended to happen in the future and requires an event to actually happen.
False
Control is the process of coping with changes, and plans need to be re-drawn in the short-term.
True
Long-term Planning and Control uses totally disaggregated forecasts to make interventions to resources to correct deviations from plans.
False
Medium-term Planning and Control uses partially disaggregated demand forecasts to determine resources and contingencies.
True
Short-term Planning and Control makes ad hoc consideration of operations objectives.
True
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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