Maximizing the utilization of resources, whether they are human, machinery, materials, or financial, is crucial for achieving sustainable profitability and growth. Effective resource management is about optimizing the use of available resources to achieve the desired outcomes while minimizing waste and inefficiencies. This involves making the best use of human skills, technology, materials, and financial assets.
Capacity planning is the process of assessing and planning for the optimal use of resources. It involves evaluating the capacity of your organization’s various resources, understanding their limitations, and aligning them with business goals.
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