| Aggregate operations plan | A plan for labor and production for the intermediate term with the objective to minimize the cost of resources needed to meet demand.
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| Intermediate-range planning | 3 to 18 months.
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| Inventory on hand | Inventory carried from the previous period.
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| Long-range planning | One year or more.
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| Mixed strategy | A more complex strategy that combines options for meeting demand.
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| Production planning strategies | Plans for meeting demand that involve trade-offs in the number of workers employed, work hours, inventory, and shortages.
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| Production rate | Number of units completed per unit of time.
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| Pure strategy | A simple strategy that uses just one option, such as hiring and firing workers, for meeting demand.
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| Sales and operations planning | The process that companies use to keep demand and supply in balance and to coordinate distribution, marketing, and financial plans.
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| Short-range planning | A day to six months.
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| Workforce level | Number of workers needed in a period.
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| Yield management | Given limited capacity, the process of allocating it to customers at the right price and time to maximize profit.
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