Examlex
MATCHING
Match each description with the item below.
-Louis D. Brandeis
Safety Capacity
Additional capacity reserved to ensure a system can meet unexpected demand spikes, thereby reducing the risk of service or product delivery failure.
Planning Horizon
The future period over which an organization forecasts its operations and plans its strategies.
Aggregate Plan
An approach to operational planning that seeks to balance demand and supply in a way that minimizes costs over a medium-term period, focusing on general output levels.
Aggregate Planning
A process by which a company determines levels of capacity, production, subcontracting, inventory, and stockouts to optimize costs against flexibility.
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