Capacity Requirements Planning (CRP)
Capacity requirements planning (CRP) is the process of determining future needs for resources (facilities, equipment, and human resources) to support business goals. CRP is found primarily in manufacturing, where businesses figure out their available production capacity, assess the planned manufacturing schedule, and determine whether current capacity can successfully meet future needs.
What Small and Midsize Businesses Need to Know About Capacity Requirements Planning (CRP)
Without proper CRP, SMBs may struggle to keep up with demand due to a shortage of products or personnel. Improper CRP can also lead to an oversupply of inventory.
Related terms
- PDM (Product Data Management)
- Project Management
- Gain Sharing
- Small and Midsize Business (SMB)
- Business Process Automation (BPA)
- Human Capital Management (HCM)
- Best Practice
- Business Process Management (BPM)
- Business Impact Analysis (BIA)
- Track And Trace
- Digital Business Transformation
- Bimodal
- Span of Control
- Solution
- Business Process Re-engineering (BPR)
- Enterprise Solutions
- Growth Strategy
- Project Management Office (PMO)
- Business Process Outsourcing (BPO)
- Line Of Business
