How does forecasting relate to the capacity planning process

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Question: Capacity planning is an important element of operations strategy. Many decisions have long-term implications and are not easily changed. Discuss measures of capacity for different types of business (manufacturing versus service and retail) and capacity planning strategies (long, intermediate, and short term). How do different types of businesses measure capacity? How does forecasting relate to the capacity planning process?

Reference no: EM131843679

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