ENG ELC 220 Lecture Notes - Lecture 3: Supply Chain, Statistics, Poisson Distribution
21 Oct 2020
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Document Summary
Some of the most important strategic decisions managers face revolve around capacity. *capacity= the capability of a worker, a machine, a workcenter, a plant, or an organisation to produce output in a time period. There are many forms of capacity in an organisation. Operations and supply chain managers must make decisions regarding how much capacity their organisations need and what types. In making these decisions, managers must consider several issues: how capacity is measured, which factors affect capacity; and the impact of the supply chain on the organisation"s effective capacity. Managers are constantly evaluating whether their organisation"s resources are adequate to meet current or future demands. To do so, they need measures of capacity. In generally, companies measure capacity in terms of inputs, outputs, or some combination of the 2. : consulting firm: available consultant hours (an input) instead of consulting projects completed (an output). Many of the measures have a time element.
