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About 4-Aggregate Planning in Supply Chain
Aggregate planning involves determining optimal production levels, inventory levels, and capacity levels over a multi-period time horizon, typically 3-18 months. The goal is to maximize profit by balancing these factors given demand forecasts. Key strategies include chasing demand by varying capacity, using time flexibility through overtime or workforce scheduling, or leveling production to stabilize inventory. The optimal strategy depends on costs of inventory holding versus capacity adjustment.
Detailed Information
| Author: | ['Abdul Wahab Lakha'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 12 |
| Language: | English |
| Format: | |
| Price: | FREE |
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