Economic capacity adjustments in manufacturing system

Assignment Help Operation Management
Reference no: EM132260449

Summarize and critically reflect on the research pertaining to your topic. After the task is completed, you should discover your source materials are accessible and organized and ready to be incorporated into your Career Development Research Paper.

Capacity Flexibility can be defined as the ability to ensure reversible economic capacity adjustments in a manufacturing system. In other words, it is the ability to increase or decrease the production levels according to requirement.

Time, scope and cost are the three dimensions that impact the capacity flexibility. Effect of each dimension is explained below.

(a) Time- Temporal effect arises during a change process in the manufacturing systems. It is first created by identifying the need for action, and then by applying flexibility measures. The reaction time is the sum of time taken for perceiving,recognizing and identifying the problem while the adaption time is the time needed to determine the required flexibility demand and making solution oriented adjustments in the manufacturing systems. Together they make the time component.

(b) Scope - The capacity flexibility depends upon the scope of action which can be smaller or larger, depending upon the technical and organizational resources and their adaptability to the changes. These resources may be in form of production systems, human resources and the flexibility is defined by their characterstics and response to the changes.

(c) Cost - It is another important factor that affects capacity flexibility. To increase the capacity flexibility of manufacturing systems, the cost effective and fast implementation of flexibility measures is necessary. The "flexibility cost" depends upon the material, labour and equipment costs and should be optimized and weighed against benefits of flexibility.

Reference no: EM132260449

Questions Cloud

Run out of headphones before the order arrives : What is the probability that Wildstyle Music will run out of headphones before the order arrives?
Explaining how you would implement effective control system : Apply each of the four keys to a successful control system to Electricity, Inc., explaining how you would implement an effective control system.
Explain the six areas of organizational control : Explain the six areas of organizational control and how each is relevant to improving the students' satisfaction with the operation of the union.
Management communication assessment and improvement plan : Utilizing your Management Communication Journal and Management Communication Assessment and Improvement Plan,
Economic capacity adjustments in manufacturing system : Capacity Flexibility can be defined as the ability to ensure reversible economic capacity adjustments in a manufacturing system.
Identify the audience the author intended to read : Analyze the article and identify the audience the author intended to read it, as well as the situation that might have influenced its writing.
What is the meaning of fixed-cost perishable product : Write a literature rivew for risk reduction strategies aimed at preventing wrong site surgeries. What is the meaning of a fixed-cost perishable product?
Write the the incentive schemes used by pepsico : Write the the incentive schemes used by Pepsico. Are this appropriate and effective? Why? Why not?
Write the the incentive schemes used by iphone : Write the the incentive schemes used by IPHONE. Are this appropriate and effective? Why? Why not?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd