Question

Activities such as inventory management, item forecasting, operations scheduling and variable capacity planning are part of strategic (long-term) planning. (1)
True

False

Answer 1

False

Activities such as inventory management, item forecasting, operations scheduling, and variable capacity planning are generally considered part of tactical (short-term) or operational planning rather than strategic (long-term) planning. Strategic planning typically focuses on broader goals and direction for the organization over a longer time frame.