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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.
C ontrol charts Control charts are tools used for monitoring, controlling and improving processes over time. These are applicable to administrative processes.
Hi, I need help in learning and solving 20 questions numerical which involves PM techniques from selection, planning, execution and controlling techniques. I want to know how can
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Operations and project management: Operations and project management are very important functions in any organisation. Operations management is is concerned with the productio
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Question 1: Explain the Scoring Method for project selection a) Un-weighted 0-1 factor method and Weighted factor scoring method b) Show the algorithm for solving the sh
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What are the questions of the initiation phase? Questions to be answered in the initiation phase include the given as: • Why only project management? • Is this feasible?
clear information about project type production
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