GG - Capacity management decisions(pg 44-46 short...

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. Capacity management decisions (pg. 44-46) short, intermediate, long-range capacity planning short: less than one month; involves making adjustments to eliminate the variance between planned and actual output--overtime, personnel transfers, alternative production routings Intermediate: monthly or quarterly plans for next 6 to 18 months; hiring, layoffs, new tools, minor equipment purchases, subcontracting Long range: greater than one year; requires top management participation and approval- productive resources like buildings and equipment take a long time to acquire and dispose of. capacity utilization: shows how close a firm is to its best operating level capacity focus: a production facility works best when it focuses on a fairly limited set of production objectives; firm should not expect to excel in every aspect of manufacturing performance; a focused factory produces a specific product or related group of products; plant within a plant Service vs. manufacturing in making capacity decisions (pg. 54-55)
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