Month: January 2024

5 Steps | Factors Affecting Capacity Planning [Operation Management]

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Capacity planning is crucial for businesses and organizations to ensure they have the right resources and infrastructure to meet their current and future demands. Several factors can influence capacity planning, depending on the industry, type of organization, and specific needs. Here are some common factors affecting capacity planning. Capacity planning is a dynamic process that…

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Production & Operations Management

Essential 4 Factors Influencing Buying Motives

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“Buying motives can be defined as influences or considerations which impel the prospects to buy, induce or determine the choice for the purchase of products and services.” –Garry Dessior. Thus, buying motives are influences that provide the impulse to buy. They are driving forces to act this way or that way. In the following article,…

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Consumer Protection

5 Capacity Expansion Strategies with Brainstorm Ideas [2024]

Posted on By Renu Saroha No Comments on 5 Capacity Expansion Strategies with Brainstorm Ideas [2024]

Capacity expansion strategies are essential for businesses to meet increasing demand, seize market opportunities, and achieve growth objectives. Several approaches can be adopted to expand capacity effectively. Before selecting a capacity expansion strategy, businesses should conduct thorough market research, financial analysis, and risk assessments to ensure the chosen approach aligns with their long-term goals and…

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Production & Operations Management

2 Important Types of Buying Motives

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The business must be directed toward the satisfaction of consumers. A consumer buys a particular product because certain motives influence him. What motivates the consumers to buy? Why do they believe what they do? Each consumer enters the selling and buying process with emotional needs and motives that cause them to buy your product or…

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Consumer Protection

2 Main Types of Capacity Planning and How it Executes [Facts]

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Capacity decisions are crucial, as they influence product lead time, customer responsiveness, operating costs, and the organization’s competitiveness. In the following article, you will know the types of capacity planning. It would perhaps not be an exaggeration to state that such decisions are of survival value for the organization because of the following: 1) A…

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Production & Operations Management