Question

​A planning approach in which an organization updates its sales and operations plan​ regularly, such as on a monthly or quarterly​ basis is the definition of a

Answer 1

Rolling Planning Horizon

Step-by-step explanation:

Based on the information provided within the question it can be said that the term that is being defined in this scenario is called a Rolling Planning Horizon. This planning approach is used in a variety of situations by solving an overall larger problem by using several submodels which when put together solves the larger problem. In this scenario by updating its sales and operations plan​ on a monthly or quarterly basis (submodels) it makes it easier to have the overal organization's sales and operations always updated

Answer 2

Flexible Plan

Step-by-step explanation:

​A planning approach in which an organization updates its sales and operations plan​ regularly, such as on a monthly or quarterly​ basis is the definition of a flexible plan.

A flexible plan as opposed to a rigid plan is a plan that can be updated within the year as reality unfolds and by so doing the plan becomes more achievable. Variances from such flexible plans are more explainable and are better basis for judging the performance of managers than rigid budget variances which has not been updated with realities in the business environment.