answersLogoWhite

0

Aggregate planning is best suited for decisions related to production levels, inventory management, workforce allocation, and capacity planning over a specific time frame, typically spanning from a few months to a year. It helps organizations balance supply and demand by determining how much to produce, when to produce, and how to allocate resources effectively. This planning is particularly useful for industries with fluctuating demand, allowing for adjustments in operational strategies to optimize costs and meet customer needs. Additionally, it aids in aligning production processes with financial goals and market conditions.

User Avatar

AnswerBot

2mo ago

What else can I help you with?

Continue Learning about Economics
Related Questions

Are Count and Sum are types of aggregate functions?

Yes, they are aggregate functions. They are also statistical functions.


Why array is differ from structure?

An array is an aggregate of the same type. A structure is an aggregate of different types.


What are the types of planning?

types of planning


What is the aggregate of similar cells or types of cells?

Tissue


What are the types of planning in tourism?

what are the types of tourism planning


Types of decisions?

tactic decisions & strategic decisions


What distinguishes an array from a structure?

Am array is an aggregate of elements that must be of the same type. A structure is an aggregate of elements (members) that can be of different types.


Briiefly explain types of planning?

The process of making plans for something. Types of planning depends on the field of interest. In business planning can be several types like strategic planning, marketing planning, sales planning and so on. Planning is what you do to achieve a goal or overcome a situation or design a way for the future.


Define planning. Discuss different types of economic planning. Also elaborate its general and specific objectives?

types of planning types of planning "Planning is the effort to infuse activity with conscious and consistent purpose." (Burham may have said that, not sure)


What are the different types of aggregates?

There are two different types of aggregates namely,Fine aggregates - size of the aggregate is less than 4.75 mmExample : SandCoarse aggregates - Size of the aggregate is more than 4.75 mmExample : Gravel


What are the types of joint operation planning?

Deliberate planning and crisis action planning


What are the advantages and disadvantages of three pure strategies of aggregate planning?

The main advantage of aggregate planning is to keep costs (overhead) low or in-sync with stages of production. There are essentially three types of aggregate planning strategies, level, chase and mixed. Mixed is the method used most often as it is the easiest and involves the lowest costs. Chase is based on hiring and firing workers to match production and output, which is a major disadvantage as it tends to lower employee morale. The advantages are lower inventories and higher levels of employee utilization. Level is keeping a stable workforce and output, which are both advantages. The disadvantages are greater inventory costs, times of low employee utilization (idle time) and resources that vary over time.