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The Definitive Guide to Manufacturing and Service Operations: Master the Strategies and Tactics for Planning, Organizing, and Managing How Products and Services Are Produced
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The Definitive Guide to Manufacturing and Service Operations: Master the Strategies and Tactics for Planning, Organizing, and Managing How Products and Services Are Produced

by CSCMP, Nada Sanders
December 2013
Intermediate to advanced content levelIntermediate to advanced
192 pages
5h 33m
English
Pearson
Content preview from The Definitive Guide to Manufacturing and Service Operations: Master the Strategies and Tactics for Planning, Organizing, and Managing How Products and Services Are Produced

2. Key Elements and Processes

Levels of Planning Decisions

Organizations have multiple levels of operations planning decisions, beginning with the strategic plan, which serves to drive progressively lower level decisions. The top-level plan is the strategic business plan, with its long-term focus, which provides a company’s direction and objectives for the next two to ten years. The strategic business plan is normally updated and reevaluated annually. It states the company’s objectives for profitability, growth rate, and return on investment. These objectives are then used to guide lower level decisions.

The relationship between these plans is shown in Figure 2-1.

Figure 2-1 Hierarchy of business plans

The strategic business plan drives the ...

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Publisher Resources

ISBN: 9780133438673Purchase book