Production Planning and Quality Management

In your role as the memory chip company's production planning staff member, one of your tasks is to help the supply chain team focus on capacity planning. One of the key production plants in the supply chain currently uses a lead capacity strategy in which they make enough chips to offset demand, even when this means excess inventory levels at times.

Using course materials and other research, complete the following:

• Define the lead, lag, and match strategy for capacity planning.
• Recommend a better strategy for the the company's production strategy, outlining the advantages of your proposal. Be sure to provide a mathematical basis for your recommendation. Should it change from the lead strategy or not?

Please have references inside the sentences and at the end of document.  No plagarism.  At least 8 paragraphs.  Answer each question in depth.