![]() PLAN NEW PRODUCTION FACILITIESĪs your company grows, you may find the need to open new production facilities. Manufacturers can easily plan employee training needs and decide how projects will get delivered in the future. Manufacturers can plan work accordingly and forecast skill requirements and also make decisions regarding in-house skills vs outsourced skills. IDENTIFY SKILL GAPSĪdequate capacity planning can help identify the relevant skills required to deliver key projects and plan for any skill shortages well in advance. The Capacity Planning Strategy also identifies when the business cycle might deteriorate so that seasonal workers can be employed accordingly and unnecessary expenses can be avoided. Seasonal demand fluctuations can be planned for using historical data and production line capacity can be easily managed to handle the rise in demand. Manufacturers can maintain proper production levels as per expected business requirements and cycles with a good Capacity Planning Strategy. Using actionable analytics, manufacturers get access to key data points which accurately report the possibility of overtime based on current work schedules. The real-time Capacity Planning Strategy guides manufacturers on the scope available to undertake new projects along with inputs on sufficient resources to cater to the requirements. ![]() With a Capacity Planning Strategy in place, manufacturers can ensure they have the necessary resources to deliver work even before a contract is signed. This can also help develop relevant delivery schedules for supplies and shipping schedules for completed products. When manufacturers are able to foresee projected cost-effective capacity needs, it allows them to accurately budget for upcoming resource capacity changes, and apply financial resources where needed. This can help manufacturers carefully monitor capacity management and all production costs, especially during periods of growth and recession. MONITOR OPERATIONS COSTSĬapacity Planning Strategies incorporate all relevant aspects including personnel, facilities, budgets, production schedules and supplies. However, this type of strategy does depend on good capacity planning tools which can drive accurate forecasts based on information technology insights. Since this is data-driven, it proves to be much more accurate for manufacturers to plan their capacity targets and avoids wastage or shortage of capacity. ![]() It involves adding capacity, large or small, before it is required, based on actual demand and sales forecast figures. This strategy is a much more safer forecast driven strategy. On the other hand, low capacity implies the inability of the manufacturer to produce as per what the customer wants at a particular period of time. Excess capacity means the manufacturer’s money is being spent inefficiently, and this could have been invested elsewhere for a profit instead. When there is a lack of capacity planning, customers’ needs are not served promptly and these customers may be lost to competition.Ī good capacity planning strategy helps adequately plan manufacturing resources. The level of capacity directly relates to the amount of output in the form of goods and services manufacturers can produce to satisfy customer demand.Ĭapacity planning strategies can guide manufacturers on how much raw materials, equipment, labor, and investment in facilities need to be acquired over a period of time to meet the future demand over products. ![]() Capacity management and capacity planning strategy involves the process used to determine the resources manufacturers need to meet the demand for their products or services.
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