Product/service and volume flexibility, Project Management

Assignment Help:

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.


Related Discussions:- Product/service and volume flexibility

Record modules, We have four record modules that count either numbers or ca...

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

Explain the reasons for conflicts in project management, Question : Con...

Question : Conflict refers to any situation in which there are incompatible goals, thoughts or emotions within or between individuals or groups. For effective management of con

Control charts, C ontrol charts Control  charts  are  tools  used  for...

C ontrol charts Control  charts  are  tools  used  for  monitoring,  controlling  and  improving processes over time. These are applicable to administrative processes.

Elaboration iteration, Perform a status assessment of the first Elaboration...

Perform a status assessment of the first Elaboration iteration. DO NOT GENERALISE. Assess each activity separately and assess it against the outcomes specified for the activity. Ge

Describe the product and service, 1. Which product /service you propose to ...

1. Which product /service you propose to work on this quarter? From which company? Which product category does it belong to? Describe the product/service you will market briefly.

What is organizational culture, Question: (a) What is organizational c...

Question: (a) What is organizational culture? (b) What are the two major characteristics of parent organization that affect Projects? (c) Identify and Explain the dif

Why is necessary to plan an is project in detail before work, Give three re...

Give three reasons why this is necessary to plan an IS project in detail before starting work on this. Only the simplest projects that probably imply one developer working for

Describe fully the key constraints faced by any project, Question 1: (a...

Question 1: (a) What do you meant by a Project? (b) Describe Project Management and Project Manager. (c) Highlight the different types of activities involved in the management

Production and purchasing management, A) Hierarchical planning in Operation...

A) Hierarchical planning in Operations/Production management and types of time frames in each hierarchy. (B) Explain who role players are in each level and what they are respons

Explain the role of the project owner and project sponsor, X Company, a pri...

X Company, a private security firm, has signed a contract to fund the design, construction and running of a local police station. This arrangement is a public private partnership a

Write Your Message!

Captcha
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