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Capacity utilization or capacity utilisation is the extent to which a firm or nation employs its installed productive capacity (maximum output of a firm or nation). It is the relationship between output that is produced with the installed equipment, and the potential output which could be produced with it, if capacity was fully used. [ 1 ]
Capacity decisions affect the production lead time, customer responsiveness, operating cost and company ability to compete. Inadequate capacity planning can lead to the loss of the customer and business. Excess capacity can drain the company's resources and prevent investments into more lucrative ventures.
This is usually preceded by an initial operating capability or initial operational capability (IOC) phase. For the United States Department of Defense military acquisition FOC is defined as " in general attained when all units and/or organizations in the force structure scheduled to receive a system have received it and have the ability to ...
The capacity (load) that one can safely pick-up and operate without flipping or nose-diving the equipment. Not to be confused with Operating weight. [citation needed] [1] The definitive range of operating capacity is the asset within which a company hopes to operate—commonly during a short-term period. [2]
Overall equipment effectiveness [1] (OEE) is a measure of how well a manufacturing operation is utilized (facilities, time and material) compared to its full potential, during the periods when it is scheduled to run. It identifies the percentage of manufacturing time that is truly productive.
Capacity buffers: ideally a JIT system would work with zero breakdowns, this however is very hard to achieve in practice, nonetheless Toyota favors acquiring extra capacity over extra WIP to deal with starvation. Set-up reduction: typically necessary to achieve mixed-model production, a key distinction can be made between internal and external ...
Capability management is the approach to the management of an organization, typically a business organization or firm, based on the "theory of the firm" as a collection of capabilities that may be exercised to earn revenues in the marketplace and compete with other firms in the industry.
ITIL version 3 views capacity management as comprising three sub-processes: business capacity management, service capacity management, and component capacity management. As the usage of IT services change and functionality evolves, the amount of central processing units (CPUs), memory and storage to a physical or virtual server etc. also changes.