rewrite the following answers into a professional and well written essay: Chapter 8 discusses Aggregate planning in a supply chain. Aggregate planning is defined as the process that a company utilizes to determine planned levels of capacity, production, subcontracting, inventory, stockouts, and pricing over a specified time horizon to maximize profits (Supply Chain Management). This method can be used to make decisions about the aforementioned in a supply chain with the facilities it currently has. To appropriately utilize the aggregate planning method, a company must determine the planning horizon which is usually between 3 and 18 months. The next step would be to determine the duration of each period in the planning horizon that could span weeks, months, or quarters. Finally, a company must establish information requirements and recommendations for the planning phase. This plan will be the foundation for future operations within the specified time periods for production and distribution decisions. A planner must determine the appropriate tradeoff for Capacity, Inventory and Backlog to arrive at a profitable combination. To arrive at this desired combination a planner utilizes hybrid strategies. The three tailored strategies are Chase, Flexibility, and Level. When facing issues while using the aggregate planning method, a