operational planning

(noun)

The process of linking strategic goals and objectives to tactical goals and objectives.

Related Terms

Examples of operational planning in the following topics:

  • Overview of Types of Strategic Plans

    • These include five general planning frames, which can be applied to different aspects of the operational process:
    • The standard short-range plan will represent annual or semiannual operations with a short-term deliverable.
    • These short-term plans cover the specifics of each day-to-day operation.
    • Operational plans:Operational plans are the most specific subset of strategic planning, describing the specific objectives and milestones a business should consider in executing each particular operation.
    • Single-use plans:As opposed to standing plans, single-use plans cover a specific operation or process that is an outlier to normal operations.

  • Planning a Project

    • This stage should determine the scope of the operation.
    • Planning and design: Planning and design brings the project under the microscope by assessing the smaller details.
    • Monitoring the operation for ways to increase value can redirect the strategic-planning cycle back to the planning-and-design stage.
    • This allows for informed and knowledgeable decisions to be made at each relevant point in the operation.
    • As shown in the figure, there are five basic strategic management steps in the planning cycle.

  • Streamlining Distribution

    • It should be mentioned that the scope of the planning of logistics and distribution processes is not limited only to the planning of production, transportation, or distribution.
    • Sales planning can be defined as a process in which demand forecast is converted into a feasible operative plan that can be used by producers and salespersons.
    • Supply chain planning compares the demand forecast with the actual demand in order to develop a "master plan" (schedule), based on the multi-level sources and critical materials.
    • The term production planning means the development of a master plan for single factories (producers).
    • The master plan is based on the availability of materials, factory capacity, demand, and other operation factors.

  • Advantages of a Marketing Plan

    • A marketing plan has a strong impact on the internal operations of an organization.
    • A marketing plan helps remove the fog and barriers to vision.
    • Marketing plans help organizations to:
    • It can serve as operational instructions for an organization -- A marketing plan provides a step-by-step guide detailing how you are going to reach your goals.
    • The marketing plan, which is a written document, does the job.

  • Employee Retirement Income Security Act

    • ERISA also does not cover plans maintained outside the United States primarily for the benefit of nonresident aliens or unfunded excess benefit plans
    • Requires plans to provide participants with plan information including important information about plan features and funding.
    • Requires plans to establish a grievance and appeals process for participants to get benefits from their plans.
    • Instead, it regulates the operation of a pension plan once it has been established.
    • ERISA does not require that an employer provide health insurance to its employees or retirees, but it regulates the operation of a health benefit plan if an employer chooses to establish one.

  • Benefits of Strategic Planning: Focus, Action, Control, Coordination, and Time Management

    • This is how planning achieves focus.
    • The control process is based on benchmarks, which is to say that controlling requires a standard of comparison when viewing the actual operational results.
    • Control relies on the planning process to set viable objectives, which can then be worked towards through controlling operations.
    • Costs can be lowered and productivity increased by ensuring that each element in the operational process functions according to ideal time constraints.
    • Perhaps the most important benefit of developing business and marketing plans is the nature of the planning process itself.

  • The Business Plan

    • A business plan is a formal statement of a set of goals, the reasons they are believed attainable, and the plan for reaching those goals.
    • A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals.
    • Business Plan Executive Summary: The executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals.
    • Financial Projections: The financials provide information on the proposed spending and revenues of the company, typically for the first 3 to 5 years of operation.
    • Appendix: An appendix is optional, but a useful place to include resumes of the leadership team, permits, leases, and and any other pertinent information that is material to the operations of the company.

  • Planning and Decisions

    • In the short run, planning is easy to postpone.
    • A plan helps to, and serves as a way to, measure the efficiency and effectiveness of an organization in accomplishing its strategic plans.
    • Companies often use SWOT analysis when planning.
    • A budget is an example of a financial plan that formalizes strategic plans in monetary terms.
    • Regardless of the level of planning, plans must be re-examined regularly in the light of changing conditions and circumstances.

  • Purpose of the Marketing Plan

    • A formal marketing plan provides a clear reference point for activities throughout the planning period.
    • Exactly what purpose does a marketing plan serve?
    • A formal marketing plan provides a clear reference point for activities throughout the planning period.
    • However, perhaps the most important benefit of these plans is the planning process itself.
    • Makes the marketing team look at the environment in which they operate;

  • The Marketing Plan

    • A marketing plan can be part of an overall business plan.
    • A business plan is broad based and incorporates the functions of various departments within an organization, including IT, finance, operations, human resources and marketing.
    • The plan must be:
    • Members of the management - from various departments within the organization such as IT, marketing, purchasing, the sales force, or operations.
    • Plans usually target: