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

Human resource function perform its role effectively, Describe the ways in ...

Describe the ways in which IS and IT might help an organisation's human resource function perform its role effectively. Assisting HR planning. In order to construct robust HR s

Program management process , Define the concept of Program Management Proce...

Define the concept of Program Management Process  As we learnt in the previous section Program?s process depends mostly on the characteristics of the product/service offered by

What is organizational culture and its characteristics , Organization's cul...

Organization's culture is the shared perception that organizational members have about its characteristics.As stated earlier, an organization's competitive advantage depends largel

Risk type, Risk type  To identify specific problems in your project, yo...

Risk type  To identify specific problems in your project, you first need to categorise the risks.  The project constraints are  well-organised in the PERIL database, which are

Explain force field analysis techniques, Question 1: Choosing a social ...

Question 1: Choosing a social project of your choice, use the SWOT analysis and Force Field Analysis Techniques to scope the project explaining what are feasible and what are n

Key performance indicators of success of business or project, K e y perfo...

K e y performance indicators The key to success of a business is dependant on superior management information. Consequently while monitoring profitability and cash flows, a b

What planning concerns in project management, Question 1: Harvey Maylor...

Question 1: Harvey Maylor discusses a ‘generic' life cycle to help in project management. Explain what is meant by project life cycle and critically discuss the benefits that

Elaborate those stages in a project life cycle, QUESTION (a) The projec...

QUESTION (a) The project organization structure clearly identifies the relationship between project team members through defining their duties, responsibilities and lines of au

What are the techniques used for a post completion review, What are the tec...

What are the techniques used for a post completion review? Techniques used for a PC (post completion) review: a. End user satisfaction surveys regarding to the quality of th

Selection criteria for process layout, Normal 0 false false ...

Normal 0 false false false EN-IN X-NONE X-NONE

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