* Definitions: An operating plan is a detailed plan outlining how a department will achieve its goals and objectives within a specified period, typically a year. It includes forecasts, budgets, staffing, and metrics.
* Components:
Forecasts: Predict future trends, demand, and needs.
Budgets: Allocate financial resources to different activities.
Staffing: Plan human resource needs and assignments.
Metrics: Define key performance indicators to measure progress and success.
* Purpose: The operating plan provides a clear roadmap for daily operations and ensures alignment with the overall strategic plan.
* Reference: According to the APICS (American Production and Inventory Control Society) and CIPS (Chartered Institute of Procurement & Supply), an operating plan is critical for effective supply management.