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How Do Short-Term Plans Differ from Long-Term Plans

question 46

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How do short-term plans differ from long-term plans?


Definitions:

End Items

Final products that are completed and ready to be sold or delivered to customers.

Requirements Known

Pertains to a condition where the specifications, needs, or conditions for a project or product are clearly identified and documented.

Capacity Planning

The method of calculating the manufacturing capability required by a company to adapt to fluctuating needs for its goods.

Aggregate Planning

A process in operations management aimed at determining the optimal production levels, inventory, and workforce to meet expected demand over a medium-term horizon.

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