Description

Knowing your Terms

Sales and operations planning activities are important because they allow an organization to understand and determine the path for the organization. The information for these terms and ideas comes from the textbook chapter 15-16 and 19. Column A contains terms or ideas you need to be familiar with and Column B contains the definition or important aspects of the terms or ideas. Match the terms or ideas from column A to the definitions or important aspects in column B.

This activity counts as a participation posting and posting day and no citing or references needed assuming you provide 15 pairs of names and descriptions. All items in Column A have a unique answer in Column B.

Have fun matching

Column A- Terms or Ideas

1. Intermediate planning
2. Sales and operations planning
3. Aggregation
4. Short-range planning
5. Stable work Force
6. Transporting materials-Truck
7. Transporting materials-Ship
8. Chase Strategy
9. Transporting materials Train
10. Level Strategy
11. Transporting materials -Hand deliver
12. Long-range planning
13. Transporting materials Pipeline
14. Third-party Logistic Provider
15. Logistics

Column B Definitions or Important Aspects

a. Daily or weekly time increments, planning covering a period from 1 day to 6 months

b. Great flexibility

c. Reverse logistics, an outside company used to manage logistics functions

d. Planning focusing on a horizon greater than 1 year, usually performed annually

e. Aggregate planning keeps demand and supply balanced

f. The art and science of obtaining, producing, and distributing material.

g. High capacity and low cost, but slow

h. Planning focusing on a period from 3 to 18 months, time increments are weekly, monthly, or quarterly

i. The supply side is done by product families, the demand side is done by groups of customers.

j. Last step in many supply chains

k. Match employees to production schedule by hiring and laying off employees

l. Flexible hours and overtime

m. Demand changes are absorbed by fluctuating inventory levels, order backlogs, and lost sales

n. Highly specialized and limited to liquids, gases, and solids in slurry form

o. Low cost but slow and variable

Answer with the Number in Column A and the letter in Column B. For example, 1-F and 2-C and 6-E and so on.