Planning horizon
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It has been suggested that this article or section be merged into Planning. (Discuss) Proposed since March 2010. |
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The planning horizon is the amount of time an organization will look into the future when preparing a strategic plan. Many commercial companies use a five-year planning horizon, but other organizations such as the Forestry Commission in the UK have to use a much longer planning horizon to form effective plans.
In manufacturing, a planning horizon is a future time period, during which, departments that support production will plan production work and determine material requirements.
In Economics, a planning horizon is the length of time an individual plans ahead. It's important in the quest for total value, as opposed to short term pleasure consumption.
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