100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Capacity Management £3.11
Add to cart
Quickly navigate to
Preview
  2.  
  3. The University Of Manchester (UOM)
  4.  
  5. Business Management
  6.  
  7. Operations Management

Lecture notes

Capacity Management
 501 views  0 purchase

This document describes the entire process of capacity planning and Control. It covers all the points from the main reading as well.

Preview 1 out of 4  pages

Document information

  • December 24, 2015
  • 4
  • 2015/2016
  • Lecture notes
  • Unknown
  • Lecture 3

Subjects

Written for

All documents for this subject (7)

Seller

avatar-seller
BMAN

Reviews received

Content preview

Chapter 11

Capacity Management –

Capacity Planning – This refers to the maximum level of value-added activity over a
period of time under normal operating conditions. It considers the effect of
changeover/cleaning/setting-up before determining the level of production of that
resource. The main idea is to plan in such a way that balances capacity with demand,
although both fluctuate. Capacity planning is different for manufacturing and service
systems because the former has inventory while the other doesn’t.

The main objective of capacity management is to be cost-effective, increase profits by
decreasing revenue loss, increase speed of response to consumer demands and
prevent working capital from being stuck in accumulated inventories.

Long –term planning is the first planning activity to be undertaken. At this level,
strategic decisions are made. It is then followed by medium term (2-18 months) and
short-term (daily – 1 month) planning.

Steps to Capacity Planning

There are three steps to capacity planning

1. Measuring capacity and demand
2. Identifying alternative capacity plans
3. Choosing the appropriate plan.

Measuring Capacity and Demand

Measuring demand is the job of the forecasters. It can get difficult because of the vast
number of reasons that can bring about a fluctuation in it.




PREVIEW SECTION

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller BMAN. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £3.11. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£3.11
  • (0)
Add to cart
Added