MGMT 420 ERAU Mod7 Boeing Aggregate Planning Strategy Discussion Paper

User Generated

PVPREBXVQ69

Business Finance

MGMT 420

Embry Riddle Aeronautical University

MGMT

Description

Hello! This my first time using you all. Lets see how this goes! I need some help on an assignment, that is due by Wednesday of this week if possible. I thank yo so much in advance. I will attach a file for your review!

When producing an aggregate plan for a firm, managers have several strategies that they can use. In general, there are two groups of plans; ones that attempt to alter capacity and the other that attempts to smooth out demand patterns. Picking the right one is an art, not science. Many variables must be considered to find the right fit for your operation.

Find an example of a company's aggregate planning strategy. You can use the strategy from the firm where you currently work or where you have worked in the past; you can conduct an Internet search or use the Hunt Library resources.

Analyze the company's aggregate planning strategy and then provide the following in your discussion.

  • Background on the company processes
  • Outline their aggregate planning strategy, relating the strategy to the textbook
  • Your opinion on whether the company is using the best aggregate planning strategy
  • An alternate strategy that might also work for the company
  • Advantages or disadvantages to the current and alternative strategies

Unformatted Attachment Preview

I would like this on an aerospace company if possible. It has to be STRICT APA formatting with a couple of references. Thanks… When producing an aggregate plan for a firm, managers have several strategies that they can use. In general, there are two groups of plans; ones that attempt to alter capacity and the other that attempts to smooth out demand patterns. Picking the right one is an art, not science. Many variables must be considered to find the right fit for your operation. Find an example of a company's aggregate planning strategy. You can use the strategy from the firm where you currently work or where you have worked in the past; you can conduct an Internet search or use the Hunt Library resources. Analyze the company's aggregate planning strategy and then provide the following in your discussion. • • • • • Background on the company processes Outline their aggregate planning strategy, relating the strategy to the textbook Your opinion on whether the company is using the best aggregate planning strategy An alternate strategy that might also work for the company Advantages or disadvantages to the current and alternative strategies The book we use is Heizer, J., Render, B., & Munson, C. (2017). Operations management: sustainability and supply chain management (12th ed.). Boston: Pearson.
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running Head: AGGREGATE PLANNING

1

Boeing Aggregate Planning Strategy
Student’s Name
Institution
Date

AGGREGATE PLANNING

2
Introduction

Boeing is the largest aerospace company globally. It leads to the production of
commercial jetliners together with defense, space, and security systems. As a leading American
exporter, Boeing supports airlines and American and associates customers in close to 150
countries (Lawrence, 2017). The company’s products and tailored services include commercial
and military weapons, satellites, electronic and defense systems, launch systems, aircraft, high
quality IT systems, and training and logistics. The status of Boeing as a leading company has its
foundation in the company’s enduring tradition of airspace innovation and leadership. The firm
consistently expands its product line and services offered to meet emerging customer needs. The
company’s capacity for a wide range of achievements is a product of effective operations
management, among them aggregate planning.
Boeing’s Aggregate Planning System
Aggregate planning is a strategy where companies try to balance capacity and demand so
that costs are minimized. The term ‘aggregate’ is used because all of a company’s resources are
considered when planning is being carried out (Castanho, 2019). At Boeing, resources
considered in the planning include
Boeing’s strategy for aggregate planning begins with determining the demand for its
products against the prevailing capacity (Dhanisetty et al., 2018). Capacity is the total number of
units that can be produced at a particular time. In the determination of its capacity, the company
undertakes the computation of the average number of units of each of its products that it needs to
churn out (Lawrence, 2017). Demand refers to the number of units needed in total. Establishing
how capacity and demand balance out helps managers to make decisions on whether to increase
or reduce capacity in order to meet the demand, or whether to increase or reduce demand in order

AGGREGATE PLANNING

3

to meet capacity. The company considers several options when making a decision based on
demand and capacity.
The first approach to options considers t...


Anonymous
Great! Studypool always delivers quality work.

Studypool
4.7
Indeed
4.5
Sitejabber
4.4

Related Tags