Short-term schedules are prepared:
Options:
A. directly from the aggregate plans.
B. directly from the capacity plans.
C. from inventory records for items that have been used up.
D. from master schedules, which are derived from aggregate plans.
E. from the purchasing plans.
The Correct Answer Is:
- D. from master schedules, which are derived from aggregate plans.
Answer Explanation:
Short-term schedules are prepared from master schedules, which are derived from aggregate plans. It is important for businesses to have short-term schedules because they help them allocate resources efficiently and meet their production targets. In addition, they ensure that everyone is working towards the same goals and coordinate the activities of different departments. Manufacturing plants might have short-term schedules that detail which products are to be produced, how many of each product are to be produced, and which machinery and personnel will be needed.
On the other hand, master schedules help ensure that production and resource needs are met for an extended period of time by providing a more comprehensive view of the business’s operations. In most cases, they are developed based on factors such as sales forecasts, capacity constraints, and resources available. Typically, a master schedule for a manufacturing facility includes how many products are to be produced, which machines and personnel will be needed, and which products are to be manufactured over the next year.
In contrast, aggregate plans provide a high-level view of the production and resource demands of an organization. These plans take into account factors such as overall demand, capacity constraints, and the availability of resources. In an aggregate plan for a manufacturing facility, the overall capacity of the facility and the products to be manufactured might be described.
To coordinate and manage their operations, businesses use a variety of tools, including short-term schedules, master schedules, and aggregate plans. In addition to ensuring that production and resource needs are met in a timely and efficient manner, they help to ensure everyone is working toward the same objectives. The schedules can help businesses better plan and manage their operations and help them stay competitive in the market by meeting the needs of their customers.
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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