Capacity Planning
Capacity planning involves determining the optimal amount of resources, such as equipment, workforce, or storage, needed to meet current and future demands efficiently. It typically involves forecasting demand, analyzing existing capacity, and making adjustments to ensure that resources are utilized effectively to support business operations. Capacity planning aims to strike a balance between overcapacity, which can lead to wasted resources, and undercapacity, which can result in operational bottlenecks and customer dissatisfaction.