Term
*Aggreagate Production Planning (def.)
-Most common "Nature(s) of aggregation" (3) |
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Definition
*A managerial statement of time-phased production rates, work-force levels, and inventory investment, which takes into account customer requirements and capacity limitations.
-nature of the product
-amount of raw material to be used
-some other type of resource
others include labor, geography, and product categoy |
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Term
| The plan with the longest time horizon |
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Definition
| Aggregate production planning |
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Term
| What type of industries will often have longer planning horizons and/or larger time buckets? |
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Definition
| Industries with LONG tead times and STABLE products |
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Term
*What is a rolling time horizon?
-What steps of aggregate production planning have a rolling time horizon? |
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Definition
*When the first bucket is completed, a meeting is held where the remaining 11 months are evaluated and a NEW 12th month is tacked on to the end.
-aggregate production planning
-master production planning |
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Term
| The "1st level of disaggregation of the aggregate plan." |
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Definition
| Master Production Scheduling |
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Term
*What happens at master production scheduling?
-How does the time horizon compare to the aggregate production planning's time horizong? |
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Definition
*The break down of products into more real end units.
-usually shorter (under no circumstances is it longer) |
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Term
| *Under aggreagate production planning there are three lower levels of planning. (name and key characteristics) |
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Definition
Master Production planning
-1st level of disaggregation
-Break-down into more real end-items
-Horizon and buckets are no larger
than APP
Material Requirements Planning
-Extreme detail, down to each nut
and bolt
Shop Floor Scheduling
-Detailed, actual production
scheduling |
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Term
| Three Strategic Plans for the APP/MPS problem (with fluctations and constant information) |
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Definition
Chase
Production and manpower fluctuates
Level
Constant workforce/production levels
with fluctuating inventory levels
Stable Workforce
Size of workforce is constant, but
number of hours fluctuates |
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Term
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Definition
Ending Inventory =
Begin Inv. + Production - Demand |
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