What is capacity management and why is it an important focus for firms

What is capacity management and why is it an important focus for firms

References: Jacobs, F. R., Chase, R. (2013). Operations and Supply Chain Management, 14th Edition. McGraw-Hill Learning Solutions. VitalBook file.

*** Feel free to use more than one reference.

****Very very important, make sure you don’t fully reference answers, they must also have examples.

5: Strategic Capacity Management

What is capacity management and why is it an important focus for firms?

How does one execute capacity planning?

Ch. 17: Enterprise Resource Planning System

What are enterprise resource planning (ERP) systems and why are they important?

How are supply chains enabled and improved via ERP systems?

Ch. 18: Forecasting

Why is it important for firms to focus on forecasting models?

Compare and contrast the various types of forecasting models.

Ch. 19: Sales and Operations Planning

Why is sales and operations planning an important focus for many firms?

Ch. 21: Material Requirements Planning

What is material requirements planning (MRP) and Why is it important for manufacturing firms to focus on MRP?

Answer preview What is capacity management and why is it an important focus for firms

What is capacity management and why is it an important focus for firms

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