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
We have four record modules that count either numbers or calculate time. The first one calculates the exit time for all types of patients. The second counts the number of exception

Definitions of management Several definitions of management have been given by different scholars. Mary Follet defined management as "having work done through others." Another

1 Write short notes on Earned Value Method (EVM) 2 What are the common features available in PM software packages? 3 A project should earn sufficient return on the investment

QUESTION The project management is an integrative endeavour. Projects lead to change and their importance to an organization is also to be understood to differentiate projects

Submit all required artefacts necessary to achieve the ‘Life Cycle Architecture Milestone' (LCAM). The most important artefact of the LCAM is the ‘executable architecture' or ‘proo

Cost Targeting Cost targeting is the pricing method which has to be used by the firms. It is defined as the cost management tool used for reducing the overall cost of the produ

ISO 9001 is the most difficult of the three standards to be chosen for certification , because it includes all the the twently elements. This comprehensive certification i

Why are approaches as like the Soft Systems Methodology, Business Process Reengineering and the Socio-Technical Approach relevant to IS project managers? The development of inf

Probelm: (a) Identity the several types of mechanical hazards associated with the use of bench -mounted grinder. (b) Outline the FOUR main categories of guards and safegu

Tolerance and Surface Finish Design engineers are always blamed of specifying closer tolerances than necessary. It  is obvious that to achieve a tolerance of ± 0.001 mm is mor