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FST Study
Australia
Приєднався 7 бер 2017
I hope the contents of this channel can help the viewers learn something new every day.
Demand and Capacity In Services
In the service industry, understanding and managing demand according to the capacity is much more important, because, if you cannot do it properly, you will either lose business, or you will have wasted resources.
A simple example will do here,
Lets say that you have a new bakery where you can serve 15 people at a time. let’s say that it’s your optimum capacity. That is, if there are fifteen people, you can serve them all and they can have a great time. and your maximum capacity would be 22. You can serve them, but the service quality will suffer a little.
So, here are the different scenarios. If you have 8 customers at a time, you can serve them all pretty well, but your resources will be wasted. 15 is the optimum for all. And up to 22 you can serve with some level of decline in the quality of the service. But, if you have 30 people coming at once, eight of them will have to go back, and they might never want to visit you again. And you don’t want that. So, you have to manage the demand in some ways.
Let’s just say that the demand will rise at a specific time of the day. What you can do is, you can give some sort of discount to the customers at a time when the demand is not as high. that is exactly the reason why you see a lot of restaurants giving discounts at unconventional hours. Before you do this, understanding the pattern of demand is very important. You don’t want to give out a huge discount at your low periods where the demand at the highest peak might go down.
You can offer different types of products in different times to separate the customer base throughout the day.
Now, there are other ways to manage the demand of the customers, and for that, we need to let go of the bakery example as all of the strategies cannot be applied to bakeries.
What you can do is make a reservation system. That way, customers will know beforehand that whether the service will be available or not.
There are also services where you can separate the customers based on the urgency. You can make a priority system for who you are going to serve first.
You can of course make use of the waiting line and make sure the customer perception of the wait is not that bad.
How do you manage the waiting line for customers is another video.
These were some ways to manage the demand for the service.
You can also manage your capacity levels according to the demand.
You can hire part time employees to handle the busiest times of the period. You can hire extra people for only the holiday season when you expect to have more business for your bakery.
The capacity can be made flexible. You can join two tables together in case of a large gathering. Or you can also ask single customers to share a table at peak hours.
Customers can also be trained to perform some of the tasks as self-service if the number of employees is limited.
And if you cross train the employees, you can use them performing different tasks where they might be needed most.
I talked about hiring more employees during the busy periods. But what do you do during downtime. All the maintenance work and repairing should be done during the time of low demands. And your permanent employees should get some time off for their own holidays.
Now, a short review of service demand and capacity. A lot of these will depend on the type of service you are providing.
The demand can vary based on the time of the day, or it can be weekly, monthly or yearly based.
I have talked about optimum capacity and maximum capacity. In some cases, the optimum and the maximum capacity will be the same. For example, in a passenger aircraft.
Whether you are going to go for managing demand or managing capacity is completely up to you. of course you can do both, but not everyone can afford everything.
There are different portions of the capacity that you can concentrate on. The physical equipment, the employees and the infrastructure.
Other Videos in the Service Marketing Series:
Service Positioning - ua-cam.com/video/DoWo6d7uqN0/v-deo.html
Types of Services - ua-cam.com/video/o1j6ll5TylI/v-deo.html
Flower of Service - ua-cam.com/video/wmJ-xIXO2Oo/v-deo.html
Service Consumption Stages - ua-cam.com/video/2DEa0GOLSvE/v-deo.html
Service Distribution - ua-cam.com/video/Bhx3KExsS_8/v-deo.html
Service Customers - ua-cam.com/video/o0Knie1llcs/v-deo.html
Service Pricing - ua-cam.com/video/bTL1dBcmsZI/v-deo.html
Service Consumption Stages - ua-cam.com/video/2DEa0GOLSvE/v-deo.html
Service Marketing mix - ua-cam.com/video/C-0ke-gWmDk/v-deo.html
Timestamps:
Demand and Capacity - 0:00
Example Scenario - 0:17
Managing Demand - 1:20
Managing Capacity - 2:52
Review - 4:00
Bonus - 5:05
Outro - 5:34
Patreon Link: www.patreon.com/user?u=36571443
A simple example will do here,
Lets say that you have a new bakery where you can serve 15 people at a time. let’s say that it’s your optimum capacity. That is, if there are fifteen people, you can serve them all and they can have a great time. and your maximum capacity would be 22. You can serve them, but the service quality will suffer a little.
So, here are the different scenarios. If you have 8 customers at a time, you can serve them all pretty well, but your resources will be wasted. 15 is the optimum for all. And up to 22 you can serve with some level of decline in the quality of the service. But, if you have 30 people coming at once, eight of them will have to go back, and they might never want to visit you again. And you don’t want that. So, you have to manage the demand in some ways.
Let’s just say that the demand will rise at a specific time of the day. What you can do is, you can give some sort of discount to the customers at a time when the demand is not as high. that is exactly the reason why you see a lot of restaurants giving discounts at unconventional hours. Before you do this, understanding the pattern of demand is very important. You don’t want to give out a huge discount at your low periods where the demand at the highest peak might go down.
You can offer different types of products in different times to separate the customer base throughout the day.
Now, there are other ways to manage the demand of the customers, and for that, we need to let go of the bakery example as all of the strategies cannot be applied to bakeries.
What you can do is make a reservation system. That way, customers will know beforehand that whether the service will be available or not.
There are also services where you can separate the customers based on the urgency. You can make a priority system for who you are going to serve first.
You can of course make use of the waiting line and make sure the customer perception of the wait is not that bad.
How do you manage the waiting line for customers is another video.
These were some ways to manage the demand for the service.
You can also manage your capacity levels according to the demand.
You can hire part time employees to handle the busiest times of the period. You can hire extra people for only the holiday season when you expect to have more business for your bakery.
The capacity can be made flexible. You can join two tables together in case of a large gathering. Or you can also ask single customers to share a table at peak hours.
Customers can also be trained to perform some of the tasks as self-service if the number of employees is limited.
And if you cross train the employees, you can use them performing different tasks where they might be needed most.
I talked about hiring more employees during the busy periods. But what do you do during downtime. All the maintenance work and repairing should be done during the time of low demands. And your permanent employees should get some time off for their own holidays.
Now, a short review of service demand and capacity. A lot of these will depend on the type of service you are providing.
The demand can vary based on the time of the day, or it can be weekly, monthly or yearly based.
I have talked about optimum capacity and maximum capacity. In some cases, the optimum and the maximum capacity will be the same. For example, in a passenger aircraft.
Whether you are going to go for managing demand or managing capacity is completely up to you. of course you can do both, but not everyone can afford everything.
There are different portions of the capacity that you can concentrate on. The physical equipment, the employees and the infrastructure.
Other Videos in the Service Marketing Series:
Service Positioning - ua-cam.com/video/DoWo6d7uqN0/v-deo.html
Types of Services - ua-cam.com/video/o1j6ll5TylI/v-deo.html
Flower of Service - ua-cam.com/video/wmJ-xIXO2Oo/v-deo.html
Service Consumption Stages - ua-cam.com/video/2DEa0GOLSvE/v-deo.html
Service Distribution - ua-cam.com/video/Bhx3KExsS_8/v-deo.html
Service Customers - ua-cam.com/video/o0Knie1llcs/v-deo.html
Service Pricing - ua-cam.com/video/bTL1dBcmsZI/v-deo.html
Service Consumption Stages - ua-cam.com/video/2DEa0GOLSvE/v-deo.html
Service Marketing mix - ua-cam.com/video/C-0ke-gWmDk/v-deo.html
Timestamps:
Demand and Capacity - 0:00
Example Scenario - 0:17
Managing Demand - 1:20
Managing Capacity - 2:52
Review - 4:00
Bonus - 5:05
Outro - 5:34
Patreon Link: www.patreon.com/user?u=36571443
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thanks
The video is so well made and made me understand the concepts much better. Good job
Watched this 3 yrs later adding to my knowledge. Thank you.
Just joined....outstanding...thanks and keep it up
You are amazing thank you
❤❤❤
Thanks for the video
Well explained! Thank you! Just a suggestion - instead of using the foreign accent ( which is not clear in expression- Honestly) better you articulate in your own way. Good luck!
Thank you so much
thank you kindly for telling the Americans what they hey is poking in our stack sir ❤ kk ps: I learned something on yt holy Rama 🧞♂️🧞♀️🧞🧜♂️🧜♀️🧜💋🔱⚜️🔱👍😊💜🧚♂️💨💥💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜💜🫳🫲🤝❤
Thanks
paan thuk kaar padaya karo
Been looking for videos to explain it easier, this video did exactly that.
Best explanation rest of the youtibr videos are trash
Post in Hindi
thank for latin phrass
Man, this is mad weird.
A very good lecture. Thank you!
Thank you. This is the best video on IMC I've ever come across.
Great explain
Chatur from 3 !diots 💀🙏
Good job.
Your style of teaching makes it so simple to understand the topics. And your hints of humour is quite easing. Good work. Thank you
Went straight to this video when I had to learn this for my course. Very easy to understand, thank you.
I don't pay attention to the dumb adverts, why are they putting it on
Bro got SOBO Accent
Concise content. Thanks 🙏🏿
Perfect video ❤
In English there are loads of loanwords that are not pronounced as they are or were in the original languages. The same goes for probably every other language. It is entirely acceptable in each context. No need to be dogmatic. As for accents - deal with it - they are charming to many of us. So there ;)
Nice try, friend. 4.5/10
Land is where you can grow crops
needs more likes
omg! thank you so much for explaining it well! you made my life easier!
Alphabet is a private conglomerates companies . Who owned other subsidiaries like google
This video needs to get out to beginner marketeers. ❤🎉
Hey man love your video thanks for the help I hope you see this
Thank you ❤
Ailaaa chatuur from 3 idiots !!
Best
we did it ,or something
we did it!!!
God plays infinite games with creation.
Great video
good vid
Hindi please...
Great video!!!
Amazing Video brother\
Kevin Hart ! 😂
momento mori , momento vivere !
non scolae sed vitae