Overview of the Comprehensive Planning Approach

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The companies that are successful are to be forever planning because there is a need for lead time for them to prepare for implementing plans that the organization has set up. This paper mainly outlines aggregate plan using my company forecast. The company is known as Kinsey Ltd. It is a retailing company dealing with the distribution of electrical gadgets.

            The Kinsey’s Aggregate Plan

Period (Months)

1

2

3

4

5

6

Forecast ($)

100

150

300

300

500

150

Output ($)

Regular

250

250

250

250

250

250

Overtime

Subcontract

Output forecast ($)

150

100

50

50

250

100

Inventory ($)

Beginning

0

150

250

200

150

0

Ending

150

250

200

150

0

100

Average

75

200

225

175

75

50

Banking ($)

0

0

0

0

100

0

The aggregate plan cost utilizing a level strategy:

Output:

             Regular time = 5 x 1500 = 7500

             Overtime       = 8 x 0        = 0

             Subcontract  =  10 x 0     = 0

Inventory carrying cost = 3 x 850 = 2550

Backorders                      = 10 x 100 = 1000

TOTAL COST                           $11050

Strategy Applied

            The strategy applies in developing the above aggregate plan is the chase strategy. The main reason why this strategy came into use is due to the fact the organization wanted to match demand with production levels. It has resulted in low inventory levels and backorders as it was being anticipated.

How the strategy integrates with Human Resources practices

            This strategy has incorporated itself well into the Human resources practices since it embraces return on investment (ROI). ROI is one of the critical ideas that Kinsey business has at heart. With this type of aggregate plan in place, achieving the return on investment ideas will be easy since the strategy has reduced inventory levels and backorders.

September 18, 2023
Category:

Business Economics

Subcategory:

Corporations Management

Subject area:

Company

Number of pages

1

Number of words

220

Downloads:

47

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