For any business to run successfully, the present should not be its only focus, as it should have a clear and well-thought-out plan for the future too. Capacity requirements planning is mainly a process that a company uses to determine how much it should produce so that it will be able to meet future demands. One has to understand both under and overproduction can be detrimental to the growth of the firm, as it can culminate in losses.
The demand and supply curve is always dynamic, and so it is important that companies try and assess the market conditions, to decide what would be the apt production supply. Those businesses which tend to have more seasonal sales need to calculate the capacity requirements much more frequently. This course is designed to enhance capacity of the participant whose responsibility of day today plan for raw material requirement
