Match the Terms

The information for these terms and ideas comes from the textbook Chapters 18 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 description or ideas from column A to the definitions or important aspects in column B.

This activity counts as a participation post and posting day and no citing or references needed assuming you provide 16 pairs of names and descriptions. All items in Column A have a unique answer in Column B. None repeat

Have fun matching

Column A

1. This type of analysis is most appropriate when the past is a good predictor of the future.
2. The supply side is done by product families, the demand side is done by groups of customers
3. This is a type of forecast used to make long-term decisions, such as where to locate a warehouse or how many employees to have in a plant next year.
4. Planning focusing on a day to six months
5. These are the six major components of demand.
6. The process of identifying and separating time series data into fundamental components such as trend and seasonality
7. Flexible hours and overtime
8. Aggregate planning keeps demand and supplies balanced
9. Using existing or general product data as a model to access data for the forecasting of a new product
10. Planning focusing on a period from 3 to 18 months, time increments are weekly, monthly, or quarterly
11. This is the type of demand that is most appropriate for using forecasting models.
12. Planning focusing on a horizon greater than 1 year, usually performed annually
13. Match employees to production schedule by hiring and laying off employees
14. Forecasting using independent variables other than time to predict future demand.
15. A type of panel consensus that conceals the identity of the participant
16. Demand changes are absorbed by fluctuating inventory levels, order backlogs, and lost sales

Column B

1. Aggregation
2. The average demand for the period, trend, seasonal elements, cyclical elements, function random variation, and autocorrelation
3. Chase Strategy
4. Strategic forecast
5. Sales and operations planning
6. Decomposition
7. Short-range planning
8. Delphi Method
9. Time series analysis
10. Independent demand
11. Historical Analogy
12. Intermediate planning
13. Stable work Force
14. Level Strategy
15. Causal Relationship Forecasting
16. Long-range planning

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