ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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use inventories to absorb variation in demand
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accomodate changes by varying workforce
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use part-timers, overtime, or idle time
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all above
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Detailed explanation-1: -The three pure aggregate planning strategies are the chase strategy, time flexibility from workforce or capacity strategy, and the level strategy.
Detailed explanation-2: -Aggregate planning is a method for analyzing, developing and maintaining a manufacturing plan with an emphasis on uninterrupted, consistent production. Aggregate planning is most often focused on targeted sales forecasts, inventory management and production levels in the mid-term (3-to-18-month) future.
Detailed explanation-3: -Reactive options, in which the operations department uses inventories and back orders to react to demand fluctuations. The proactive option, in which marketing tries to shift the demand patterns to minimize demand fluctuations.