Strategic Capacity Planning for Products and Services McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Capacity The upper limit or ceiling on the load that an operating unit can handle Capacity needs include Equipment Space Employee skills Instructor Slides 5-2 Strategic Capacity Planning Goal To achieve a match between the long-term supply capabilities of an organization and the predicted level of long-run demand Over-capacity operating costs that are too high Under-capacity strained resources and possible loss of customers Capacity Design capacity maximum output rate or service capacity an operation, process, or facility is designed for Effective capacity Design capacity minus allowances such as personal time, maintenance, and scrap Actual output rate of output actually achieved Cannot exceed effective capacity. Measuring System Effectiveness Efficiency Utilization actual output Efficiency effective capacity actual output Utilization design capacity Measured as percentages Example– Efficiency and Utilization P. 197 Design Capacity = 50 trucks per day Effective Capacity = 40 trucks per day Actual Output = 36 trucks per day actual output 36 Efficiency 90% effective capacity 40 actual output 36 Utilizatio n 72% design capacity 50 Capacity Cushion Capacity Cushion Extra capacity used to offset demand uncertainty Capacity cushion = 100% - Utilization Capacity cushion strategy Organizations that have greater demand uncertainty typically have greater capacity cushion Organizations that have standard products and services generally have smaller capacity cushion Example 2, P 202 A center works one shift (8-hr shift), 250 days a year, and these figures for a machine that is current being considered: Annual Stand Processing Processing Product Demand Time per Unit (hr) Time Needed #1 400 5 5 x 400=2000 #2 300 8 8 x 300=2400 #3 700 2 2 x 700=1400 Total: 5800 Example 2, P. 202 (Cont’d) How many machines do we need to handle the required volume? Total Requires 5800 Hrs 8 Hrs/day x 250 days/Yr 5800Hrs 2.9 machines 2000Hrs In-House or Outsource? Once capacity requirements are determined, the organization must decide whether to produce a good or service itself or outsource Factors to consider: Available capacity Expertise Quality considerations The nature of demand Cost Risks Bottle Neck Operation Complementary Demand Patterns Average cost per unit Optimal Operating Level Minimum cost Optimal Output Rate Rate of output Average cost per unit Minimum cost & optimal operating rate are functions of size of production unit. Small plant Medium plant Large plant Output rate Instructor Slides 5-14 Cost-Volume Analysis Cost-volume analysis Focuses on the relationship between cost, revenue, and volume of output Fixed Costs (FC) tend to remain constant regardless of output volume Variable Costs (VC) vary directly with volume of output VC = Quantity(Q) x variable cost per unit (v) Total Cost (TC) TC = FC+VC=FC+Q x v Total Revenue (TR) TR = revenue per unit (R) x Q Cost-Volume Relationships Break-Even Point (BEP) BEP The volume of output at which total cost and total revenue are equal Profit (P) = TR – TC = R x Q – (FC +v x Q) Profit (P) = Q(R – v) – FC Q profit P FC Rv QBEP FC Rv Example 3: P. 211 If FC=$6000/Month, VC=$2/pie, Price=$7/pie How many pies must be sold to Break Even? QBEP FC 6000 1200 Pies / Month Re venue VC 7 2 If 1000 pies sold in a month, What would be the profit or loss? Profit=TR-TC=$7(1000)-($6000+$2x1000)= -$1000 Loss $1000 Example 3: P. 211 (Cont’d) How many pies must be sold for a profit of $4000? QPr ofit Pofit FC 4000 6000 2000 Pies R V 72 If 2000 pies can be sold, a profit goal is $5000, what price should be charged per pie? Profit = Q(R-v) – FC 5000 = 2000(R – 2) – 6000 5000 = 2000R – 4000 – 6000 2000R= 15000 R = $7.50, Price = $7.50 Example 4: P. 212 A manager has the option of purchasing 1,2, or 3 machines. Fixed costs & potential volumes are as follows: # Machines Annual FC Range of Output 1 $ 9,600 0 to 300 2 15,000 301 to 600 3 20,000 601 to 900 VC=$10/unit Revenue=$40/unit Example 4: P. 212 (Cont’d) Determine the break-even point for each range. 1 Machine Q(Bep)= 9600/(40-10)=320units (not in range) 2 Machine Q(Bep)=15000/(40-10) =500units 3 Machine Q(Bep)=20000/(40-10)=666.7units If projected annual demand is between 580 and 660 units, how machines should the manager purchase? Manager should choose 2 machines Make or Buy Available Capacity Quality Consideration Nature of Demand Cost Example 5: Make or Buy Annual FC VC/Unit Annual Volume MAKE $150000 $60 12000 units P. 216 BUY 0 $80 12000 units Annual Cost of each alternative: TC = FC + VC x Q TCMake=$150000 +$60x12000=$870,000 TCBuy = 0 +$80x12000=$960,000 Alternative Make is better Example 5: Make or Buy P. 216 (Cont’d) There is a possibility that volume could change in the future. What would be Indifferent Volume between Making & Buying? TCMake = TCBuy FC +V*Q = FC+V*Q 150000+60Q = 0 +80Q 150000=80Q - 60Q = 20Q Q = 7500 units If Volume >= 7500 units, Choose MAKE If Volume <= 7500 units, Choose BUY