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

Audits, A udits Audits are independent examinations to determine wheth...

A udits Audits are independent examinations to determine whether processes and procedures achieve the specified objective. They are an essential tool to identify problem areas

What value does project management add, Q. What value does project manageme...

Q. What value does project management add? This is extremely difficult to answer in traditional accounting terms for the reason that the real value is in the quality of the end

Explain the integration of the work breakdown structure, Question: (a) ...

Question: (a) Risk has always been an intrinsic part of project management. With increasing market competition, technology, and globalization, risk management is continuously

Microsoft Project Management, Greeting, Do you use Microsoft Project Manage...

Greeting, Do you use Microsoft Project Management software for project management assignments if needed

Answer, summarise the argument for such a policy of partnering with a major...

summarise the argument for such a policy of partnering with a major supplier such as BAA and MACE HAVE DON HERE

Distinguish between quality control and quality assurance, Question 1: ...

Question 1: (a) Explain briefly the different steps in an Environmental Impact Assessment study. (b) Give the constraints of the process of Environmental Impact Assessment (

Two primary stages of risk management of a project, Question Using a pr...

Question Using a project drawn from your own experience, discuss the following (a) What are the two primary stages of risk management of a project? (b) What are the four

Contract management, Contract Management  There are many things involve...

Contract Management  There are many things involved in a project risk policy. One of them is contract management. Various kinds of contract can have an impact on the success of

Identify a governmental and a not-for-profit program, One of the characteri...

One of the characteristics unique to governmental and not-for-profit organizations is the inability to eliminate unprofitable activities. Clearly, in the case of these activities,

How can improve profitability of a company, Question: Construction of t...

Question: Construction of the toy factory has been completed and it is entering its operational phase. The owners do not understand the fuss there is for quality control. (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