The three techniques of capacity planning are:
Lag Strategy: This involves scaling operations only after market demand has increased, minimizing the risk of overcapacity but potentially missing immediate opportunities.
Lead Strategy: This proactive approach involves expanding capacity in anticipation of future market demands, which can capture market opportunities early but involves higher risk.
Match Strategy: This technique balances the lag and lead strategies by closely following market demand trends and making incremental adjustments. Utilizing big data and artificial intelligence, this strategy ensures a responsive and adaptive production planning strategy, optimizing resources and mitigating business risk.