Capacity planning refers to the strategic process of determining and allocating resources (such as manpower, equipment, technology, and facilities) to ensure that an organization can meet its desired output or service levels effectively. It involves analyzing and forecasting capacity requirements for various aspects, such as production, operations, services, or infrastructure.
Advantages of Capacity Planning includes:
- Optimized Resource Allocation: Effective capacity planning ensures that resources are utilized optimally, eliminating bottlenecks.
- Cost Minimization: Proper planning reduces costs associated with excess capacity or resource shortages.
- Customer Satisfaction: Meeting demand levels leads to satisfied customers and avoids potential losses.
The timesheet filled by the associates are verified across the assigned projects or tasks on monthly basis (usually known as Monthly dump sheet). Any discrepancies are reported and rectified according to the situation.