finished goods inventory - correct answer used to absorb demand fluctuations;
allows your company to develop a stable work environment
Shifting demand - correct answer proactive marketing approach to leveling
demand in which your company tries to change consumer buying patterns by
offering incentives
level aggregate plan - correct answer maintains a constant workforce and produces
the same amount of product in each time period of the plan
The level plan is often used with make-to-stock products such as... - correct answer
stereos, kitchen appliances, and hardware
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, To calculate the number of employees needed... - correct answer divide the number
of units needed per month by the monthly output per employee
chase aggregate plan - correct answer produces exactly what is needed to satisfy
demand during each period
This may be a better option when a company produces make-to-order products
such as custom cabinets, special-purpose equipment, one-of-a-kind items, or highly
perishable products - correct answer chase aggregate plan
hybrid aggregate plan - correct answer uses a combination of options. With this
plan, your company might maintain a stable workforce supplemented by an
inventory buildup and some overtime production to meet demand.
Sales and operations planning - correct answer integrates the medium-range
functional plans developed by marketing, operations, engineering, and finance
aggregate plan - correct answer Includes the budgeted levels of finished products,
inventory, backlogs, workforce size, and aggregate production rate needed to
support the marketing plan
Also called production plan - correct answer Aggregate plan
Supports marketing plan - correct answer Aggregate plan
master production schedule - correct answer The anticipated production schedule
for the company expressed in specific configurations, quantities, and dates
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