ENTREPRENEURSHIP

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ENTREPRENEURIAL PLANNING

OPERATIONS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Below are the meetings in the S&OPI process. Demand Planning MeetingII. Data Gathering III. Supply Planning MeetingIV. Pre-S&OP MeetingV. Executive S&OP Meeting The correct sequence of meetings according to APICS recommendations is:
A
I, III, II, V, IV
B
II, I, III, IV, V
C
III, II, I, IV, V
D
II, I, III, V, IV
Explanation: 

Detailed explanation-1: -Step 3: Supply Planning Supply planning involves translating the demand plan into an appropriate supply plan. Among its tasks are determining inventory targets, safety stock levels, and production methods for level loading and demand chase.

Detailed explanation-2: -What is an S&OP meeting? An S&OP meeting is a meeting held at least monthly where department leads and executives focus on sales, supply, and demand planning and execution. It’s about figuring out what’s working with your demand and supply plans and changing things up where you need a fresh perspective.

Detailed explanation-3: -The Four Fundamentals in Sales and Operations Planning According to Dr. Gopaldas Kumar’s conference paper, “Sales and Operations Planning(S&OP)-An Overview, ‘’ demand, supply, volume, and mix parameters form the fundamentals of S&OP.

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