Logo
Pattern

Discover published sets by community

Explore tens of thousands of sets crafted by our community.

Sales and Operations Planning (S&OP)

10

Flashcards

0/10

Still learning
StarStarStarStar

Demand Planning

StarStarStarStar

The process of forecasting customer demand to drive supply chain operations. It's essential for ensuring that the right product quantities are produced to meet customer needs without overproducing.

StarStarStarStar

Performance Metrics

StarStarStarStar

Key performance indicators (KPIs) that are used to assess the effectiveness of the S&OP process, including measures like forecast accuracy, service levels, and inventory turnover.

StarStarStarStar

Inventory Management

StarStarStarStar

Maintaining the optimal levels of inventory to ensure product availability while minimizing costs. It involves strategies for replenishment, safety stock, and reducing excess stock.

StarStarStarStar

Executive S&OP Review

StarStarStarStar

Senior management reviews the S&OP plans to ensure they align with strategic goals. This step provides final approval and resources allocation.

StarStarStarStar

Master Scheduling

StarStarStarStar

The process of scheduling the production of finished goods to meet the sales plan. It is key for allocating resources effectively and establishing a timeline for production.

StarStarStarStar

S&OP Meeting

StarStarStarStar

A regular meeting where key stakeholders review and adjust plans based on recent data to manage the balance between supply and demand.

StarStarStarStar

Materials Requirement Planning (MRP)

StarStarStarStar

A system for calculating the materials needed to fulfill the master schedule. MRP ensures the availability of materials and components necessary to meet production schedules.

StarStarStarStar

Capacity Planning

StarStarStarStar

The process of determining the production capacity needed to meet the demands of the business. It ensures that the operation can handle the forecasted loads.

StarStarStarStar

Supply Planning

StarStarStarStar

Involves determining how to satisfy customer demands with available resources. It helps in balancing inventory levels with production capacities and supplier capabilities.

StarStarStarStar

Consensus Meeting

StarStarStarStar

A collaborative process where stakeholders agree on a single forecast for demand planning. This step is crucial for aligning different departmental plans and expectations.

Know
0
Still learning
Click to flip
Know
0
Logo

© Hypatia.Tech. 2024 All rights reserved.