The Annual Business Meeting of FMCG Company was held in February 2020 where the company has set the target revenue goal for next year. The target revenue set was Rs 120Million which is 10% greater than the previous year target. The firm deals with one product which they plan to sell for Rs1000. Being a resource planning manager of the firm how will you translate the company annual business plan in to Aggregate Production Plan, Master Production Schedule and Material Requirement Planning?  Explain your answer using Operations Planning Hierarchy

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Q: Explain why aggregate planning is different when a business does not produce a tangible good

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Aggregate Planning Strategies

On the basis of the demand forecast, an organization can complete its business plans. When the business plans are complete, an organization can work backward from the completed total sales to the raw materials needed. Thus, annual and quarterly plans are divided into labor, raw material, working capital, and other demands for a medium-term period (6 months to 18 months). This process of evaluating moderate production requirements is known as aggregate planning.