Asked by LeeAnn Tiffany on Jul 17, 2024

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To create an aggregate plan,a company must specify the planning horizon for the plan and the duration of each period within the planning horizon.

Planning Horizon

The future time period for which plans or strategies are developed, taking into consideration forecasted demands and resource availability.

Aggregate Plan

A plan that summarizes the expected production rates, workforce levels, and inventory on hand to satisfy demand over a certain period.

  • Ascertain the usual planning period for aggregate planning.
  • Grasp the basic conception and direct aims of aggregate planning.
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JD
Jevonne DesirJul 21, 2024
Final Answer :
True
Explanation :
The statement is true. The planning horizon is the length of time for which the plan is made, and the duration of each period specifies the length of time that is covered by each planning period. Together, these two factors determine the total number of planning periods in the aggregate plan.