Capacity Management: Planning and Allocating Resources

PART-2Capacity management
Capacity management can be defined as planning of
available resources with the business in such a manner that all
objectives and aims related to busines activity can be gained
effectively within timeframe (Bose and Bristy, 2016). There are
various functions of capacity management that they play in the
businesses which are formerly dependent on resource planning and
implication of available resources for the numerous functional
activities of the business.
Planning and allocating resources
Resource planning is the process of analyzing the requirements
of available company’s resources for the different functional and
operational activities. All resources require to assess then allocate them
as per the need of the company. Resources are one of the most
important tools that permits company to gain all different type
objectives and goals behind the business activities. In most of the cases,
planning resources are previously dependent on planning associated
with financial resources of the business. There is an example of Marry’s
Milk Bar wherein resource planning is not only bounded to planning of
it’s financial resources but also expanded various resources like
equipment resources, human resources, technologies and other different
resources which are available in the company (Lombardi, Makhni and
Lombardi, 2019). As know planning of resources contains various
aspects such as overall work for the business, functional responsibility
and other perspectives.
Factors behind resource planning
Factors can be defined as the all such prospects that works
productively behind planning the resources of the business.
Generally, resources planning contains various currently available
resources in the company that support to fulfil future requirements of
the business.
Financial potential
Financial potential is the primary factor of the company that support
resource planning. Marry’s Milk Bar has good financial potential
that helps in order to gain framed objectives within timeframe.
Financial potential factors are not only supported to expand it’s
business in multiple countries but also improved it’s funding
income. However, financial potential is considered one of the
important factors that related with resource planning such as it offers
the scope for the financial planning of the business.
Financial goals
Financial goal is one of the major factors that involves in the
financial planning of the business. Generally, financial goals set by
organization in order to available resources. It comprises various
factors such as sales targets, growth targets, profitability targets and
other financial resources on the basis of target company that has set
for recent financial year. However, resource planning is properly
dependent on the financial aims of the business.
Operational requirements
It is an integral part of the resource planning that are conducted at organizational level. Organizational hierarchy of Marry’s Milk Bar
company is isolated into various functional activities such as marketing, logistics, financial and others. Individual functional department allocates
different resources based on the operational requirements in order to gain high profitability. Every functional activity requires a dominating
resource then they can plan and allocate available resources effectively. Whole resource planning is organized in the company on the basis of
operational requirements.