Define capacity. Discuss the process of capacity planning for any industry.
Capacity is define as the maximum amount or number that can be received or contained; cubic contents; volume: The inn is filled to capacity. The gasoline tank has a capacity of 20 gallons and power of receiving impressions, knowledge, etc.; mental ability: the capacity to learn calculus. OR It is actual or potential ability to perform, yield, or withstand: He has a capacity for hard work. The capacity of the oil well was 150 barrels a day. She has the capacity to go two days without sleep.
The process of capacity planning for any Industry:
Capacity planning is any strategy that is used to identify the amount of production required to satisfy the demand for the goods and services produced by a business. The idea is to balance the purchase of resources, the maintenance of production facilities, the hiring of labor and the final output so that consumers have a steady supply of the products they desire. At the same time,
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