Quantzig, a leading analytics advisory firm that offers customized analytics solutions, has announced the completion of their new article on capacity planning process. Capacity planning can be a challenging task for organizations of any size. It requires a delicate balance between real-time employee availability, available budget, and the demand for work from customers, partners, or other stakeholders. Establishing a proper capacity planning process is important for businesses to manage workforce and product manufacturing. Therefore, the capacity planning process should involve carefully thought-out steps to ensure businesses have the right amount of resources at the right time.
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Steps to develop an effective capacity planning process (Graphic: Business Wire)
“Without a capacity plan, organizations are either grossly under-prepared or over-prepared as it helps to determine the production capacity needed by an organization to meet changing demands for its products,” says a supply chain analytics expert from Quantzig.
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Steps to develop an effective capacity planning process
Determining service level requirements
In this step, a business needs to break down work into categories and quantify users’ expectations for how that work gets done. This step involves three stages:
- Establishing workloads
- Determining the unit of work
- Setting levels of service
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Analyzing current capacity
In the second step, businesses need to analyze their current production schedule for better capacity management. They should analyze each workload by following these steps:
- Compare measurements of any items referenced in service level agreements with their objectives
- Strategic resource planning and checking the usage of every resource of the system
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Planning for the future
This is the final step in the capacity planning process. It needs businesses to know the amount of work that is expected to come over the coming quarters. Following this, they need to configure the optimal system for satisfying service levels over this period of time.
Want to know more? Read the complete article here.
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal