Thursday, September 28, 2017

The nature of planning & control, Planning Horizon, Dependent and Independent demand, P:D ratio

The nature of planning & control

Planning & control is concerned with the reconciliation between what the market requires & what the operation’s resources can deliver
- Provide the systems, procedures & decisions which bring different aspects of supply & demand together
- Ensure that the operation’s processes run effectively & efficiently
- Produce products & services as required by customers
  • Planning concerns what should happen in the future
- A statement of intention
  • Control copes with changes
- An ‘intervention’ will need to be made in the operation to bring it back ‘on track’

Nature of planning & control

The nature of planning & control activities changes over time
  • Long term
  • Medium-term
  • Short-term


Long-term planning & control

  • Use aggregated demand forecasts
  • Determine resources in aggregated form
  • Objectives set in largely financial terms

Medium-term planning & control

  • Uses partially dis-aggregated demand forecasts
  • Determines resources & contingencies
  • Objectives set in both financial & operations terms

Short-term planning & control

  • Uses totally dis-aggregated forecasts or actual demand
  • Makes interventions to resources  to correct deviations from plans
  • Ad-hoc consideration of operations objectives

Supply & demand affect planning & control

  • Uncertainty in supply & demand
  • Dependent & independent demand
- Dependent demand: demand which is relatively predictable because it is dependent upon some factor which is known

- Independent demand: demand without having any firm forward visibility of customer orders

  • Responding to demand
- Resource-to-order: start the process of producing goods or services when it needs to with taking resources
- Make-to-order: make the actual product or service only to a firm customer order
- Make-to-stock: produce goods or services ahead of any firm orders ‘to stock’

  • P:D ratio
Contrasts of the total length of time customers have to wait between asking for the product or service & receiving it, demand time D, & the total throughput time P.
- P & D times depend on the operation
- P: D ratios indicate the degree of speculation

Throughput time is how long the operation takes to obtain the resources, & produce & deliver the product or service.

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