Determining Capacity Requirements
Future capacity requirements need to be accurately determined to ensure good performance in the future. Required capacity is determined on the basis of the specifications of individual product lines, production capabilities in existing facilities, etc.
The steps for determining capacity requirements are as follows:
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Employ forecasting methods and find the individual product demand within the planning horizon.
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Identify the equipment and human resource requirements to meet the forecasted demand. In case of multiple products or services, identify the time required for switching from one product or service to another.
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Compare capacity required with available capacity for the required time period and identify the gaps.
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As determining exact capacity requirements is difficult, organizations in general allocate extra capacity to meet any contingencies in the future. The extra capacity allocated for uncertain future requirements is known as the capacity cushion.
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