Product/service and volume flexibility, Project Management

Product/Service and Volume Flexibility

Ability to respond fast to the customer's needs known as flexibility.Two forms of flexibility are product/ Service and volume flexibility.Ability of the production system to change quickly from production of one product/ Service another is known as product/ Service flexibility whereas the ability to quickly increase or reduce the volume of products/Service produced is known as volume flexibility. Both forms of flexibility are determined when production processes are designed. For example when the firm business strategy calls for many custom designed products required in small volumes and to be introduced into the market in a short lead time, production processes must be designed to include general purpose machines and flexible workforce( versatile employees with multiple skills).

Volume flexibility is needed when the demand pattern is fluctuating and production processes must be designed with production capacities that can be quickly expanded without much expense.

Posted Date: 1/11/2013 5:47:13 AM | Location : United States

Related Discussions:- Product/service and volume flexibility, Assignment Help, Ask Question on Product/service and volume flexibility, Get Answer, Expert's Help, Product/service and volume flexibility Discussions

Write discussion on Product/service and volume flexibility
Your posts are moderated
Related Questions

Illustrate an example of demonstrating a network or critical path by given activity and duration. Activity                      Duration (Wks)                   Precede

Question: a) Define the term "Quality Management". b) Explain four motivations (purposes) behind Quality Management. c) Is the following important in the Quality Man

Question: (a) The National Printing Company has been losing customers and orders due to various delays and errors. The Company wants to identify the problems that might be con

Influence of Organization culture on key dimensions of management

Goals of an FMS The goal of an FMS is to produce a moderate verity of products in moderate. Flexible quantities clearly an F M S is more flexible than conventional high volum

Read the BEC case study on pages 126–129 of the textbook, and perform the following tasks:   Create a feasibility report for the project in a Word document. Create

When is an employer not liable to pay compensation to an employee? Compensation: An employer is not liable to pay compensation to an employee under the given circumstanc

What do you understand by "line balancing"?