2)Capasity Requirements Planning (CRP) [Group: Management method]
Forecast for demand of the product is the base for estimating the short-term workload on the facility. Companies make plans for a period of about one year and workout the expected output of different products or services based on the forecast. The plans thus generated are compared with the existing capacity. It is observed that one of the products have high demand in one season and low demand in another. For example, woolen clothes would have high demand in winter season whereas in summer it could have low or no demand. Another product could have a uniform demand throughout the year. For example, milk and some of the food items have uniform demand throughout the year.
Capacity Requirement Plans (CRP) looks into the individual operations by using the routine information. Each operation is valued in standard hours, which results in total hours required per work center per time period. Final adjustments are then made to the manufacturing plan at the operation level to obtain a balanced workload for each workventer.
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