What is capacity management?
In procurement and supply, capacity management is a matter that should not be looked over. Good capacity management will prompt an organisation to achieve economies of scale and reduce waste. At the other end of the spectrum, flexible capacity management helps a business maximise its market opportunity and extend the market share. So what is capacity? How can procurement professionals manage it? You may meet the word ‘capacity’ in many difference context. For example, the following can be seen from…