Define aggregate planning.
Understand the Problem
The question is asking for a definition of aggregate planning, which relates to operations management and production processes. Aggregate planning involves developing, analyzing, and maintaining a preliminary, approximate schedule of the overall operations of an organization. It helps in aligning production by considering the demand, capacity, and resources available.
Answer
Aggregate planning is a strategic process to develop a manufacturing plan ensuring uninterrupted production aligned with anticipated demand over a medium-term horizon.
Aggregate planning is a strategic process businesses employ to develop an overall manufacturing plan that ensures uninterrupted production and aligns production, workforce, and inventory levels with anticipated demand over a medium-term horizon.
Answer for screen readers
Aggregate planning is a strategic process businesses employ to develop an overall manufacturing plan that ensures uninterrupted production and aligns production, workforce, and inventory levels with anticipated demand over a medium-term horizon.
More Information
Aggregate planning encompasses the coordination of production schedules, workforce levels, and inventory to meet predicted demand and streamline operations. This method is crucial for ensuring that resources are effectively allocated over a period ranging from 3 months to 18 months.
Sources
- What Is Aggregate Planning? Types, Strategies with Examples - sagesoftware.co.in
- What Is Aggregate Planning? Strategies & Tips - ProjectManager - projectmanager.com
- Aggregate planning - Wikipedia - en.wikipedia.org
