Operations Planning Process

Vocabulary flashcards covering the key stages and components of the Operations Planning Process.

Demand Forecasting

Predicting future customer demand ensures the business produces the right amount of goods or services without creating costly surpluses.

Data Analysis

Reviewing past sales trends to identify patterns.

Market Insights

Evaluating current economic shifts and customer preferences.

Capacity Planning

Assessing maximum output capability identifies whether current facilities, labor, and equipment can meet forecasted demand.

Resource Scaling

Matching physical space and machinery to production goals.

Labor Assessment

Evaluating workforce availability and staffing constraints.

Developing Production Plans

Creating a high-level manufacturing blueprint/plan balances production rates, workforce levels, and inventory constraints over a medium-term horizon.

Inventory Control

Balancing stock levels against potential shortages.

Production Smoothing

Maintaining a steady, predictable manufacturing pace.

Demand Forecasting

Predicting future customer demand to ensure the business produces the right amount of goods or services without creating costly surpluses.

Data Analysis

Reviewing past sales trends to identify patterns as part of demand forecasting.

Market Insights

Evaluating current economic shifts and customer preferences to inform demand forecasting.

Capacity Planning

Assessing maximum output capability to identify whether current facilities, labor, and equipment can meet forecasted demand.

Resource Scaling

Matching physical space and machinery to production goals in capacity planning.

Labor Assessment

Evaluating workforce availability and staffing constraints during capacity planning.

Developing Production Plans

Creating a high-level manufacturing blueprint that balances production rates, workforce levels, and inventory constraints over a medium-term horizon.

Inventory Control

Balancing stock levels against potential shortages within a production plan.

Production Smoothing

Maintaining a steady, predictable manufacturing pace to optimize operations.