Capacity planning is a long-term strategic process that determines the production capacity needed by an organization to meet changing demands for its products.
Inventory planning is the process of determining the quantity and timing of inventory needed to meet production or sales requirements. Effective inventory planning is crucial for reducing costs and increasing productivity by ensuring that inventory levels are optimized to meet demand without incurring unnecessary expenses.
Revenue management, also known as yield management, employs sophisticated algorithms and data analysis to forecast demand and adjust pricing dynamically, optimizing revenue for industries with fixed and perishable resources.
