1. Define strategic decisions and tactical decisions. Which type of decision should an organization make first? Why is it important to start with one before the other?
2. What is the difference between productivity and efficiency?
3. What is the purpose of the production-or aggregate-plan?
4. Detail the relationships among the critical planning processes.
5. How should productivity be measured? Should all organizations/industries measure productivity the same way? Why or why not?
6. How can carrying inventory protect against stockouts, balance supply/demand, and protect against uncertainty? What are the consequences of not carrying inventory?