What are strategies for expanding capacity called?

The term used to identify strategies specifically aimed at increasing production potential or the ability to serve customers is often referred to as "Capacity Expansion Options." These strategies are critical for organizations that anticipate growth or increased demand for their products or services. Capacity expansion strategies might involve physical expansions, such as building new facilities or increasing the output of existing ones, as well as other methods like adopting new technologies or processes to improve efficiency.

This makes "Capacity Expansion Options" particularly relevant, as it encapsulates the various methods and strategies organizations can adopt to enhance their operational capacity. Understanding this concept is vital for managers responsible for strategic planning and resource allocation, as they must align capacity expansion with market demand forecasts to effectively meet customer needs and sustain competitive advantage.