Sales and operations plans usually deal with aggregated demand for products and services.Multiple ChoiceTrueFalse
Question
Sales and Operations Plans: True or False?
Sales and operations plans usually deal with aggregated demand for products and services.
- True
- False
Solution
The statement "Sales and operations plans usually deal with aggregated demand for products and services" is True.
Explanation:
Sales and Operations Planning (S&OP) is an integrated business management process that helps organizations align their supply and demand. The objective of S&OP is to create a unified plan that considers various factors such as market demand, production capabilities, and inventory levels. This process typically involves aggregating data across different products and services to forecast demand more accurately, allowing for better strategic decisions regarding resource allocation, production scheduling, and inventory management. Hence, aggregated demand is a central concept in sales and operations planning.
Similar Questions
Sales and operations plans usually deal with aggregated demand for products and services.Multiple ChoiceFalseTrue
The link between a seller's quantity supplied and the market price is called the supply ______.Multiple choice question.mechanismpipelineschedule
The purchase criteria of having products available when they are needed by customers is called _________.Multiple Choicequalityvarietytimelinessservice
Because of the need to interact with key supply chain partners, sales & operations planning is viewed as a cross-functional process.Group startsTrue or False
Business buyers use product to guide rational buying choices and look at the total product offer.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.