What are some effective capacity planning strategies for businesses?
Effective capacity planning strategies include demand forecasting, resource allocation, and scenario planning.
Can you explain demand forecasting in more detail?
Demand forecasting involves predicting future customer demand using historical data and market analysis.
What tools can help with capacity planning?
Tools like Microsoft Excel, SAP, and specialized software like NetSuite can assist in capacity planning.
How often should a business review its capacity planning?
A business should review its capacity planning at least quarterly, or more frequently during peak seasons.
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