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

The purpose of project management, QUESTION a) The purpose of project m...

QUESTION a) The purpose of project management is to achieve successful project completion with the resources available. Regardless of the method that is used to handle a projec

Strategies that a project manager implement to project risk, Explain TWO st...

Explain TWO strategies that a project manager might implement to address a project risk.   Risk avoidance - this strategy would be 'exiting the method that is giving rise to

Cobit, compare cobit 4.1 with cobit 5

compare cobit 4.1 with cobit 5

How is inventory control worked for an optimum balance, How is Inventory co...

How is Inventory control worked for an optimum balance between competing objectives? Inventory control is related with achieving an optimum balance in between two competing obj

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

Quantitative layout analysis - travel chart, Quantitative Layout Analysis -...

Quantitative Layout Analysis - Travel Chart A basic tool that is primarily used to analyze the material handling cost or in certain cases number of moves in a process layout i

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

National competitive bidding (ncb) , Steps for National Competitive Bidding...

Steps for National Competitive Bidding (NCB)  Similar to ICB, we have two ways involved in NCB: one with pre-qualification, another without prequalification. Steps for NCB are

Can surprises be reduced, Q. Can surprises be reduced? Yes absolutely! ...

Q. Can surprises be reduced? Yes absolutely! By their vary nature projects are uncertain business and uncertainty can lead to both risk and opportunities. As a result a very im

Basic control elements in generic projects, QUESTION Implementation sh...

QUESTION Implementation should focus on the achievement of agreed outcomes, so that if a problem is encountered with the plan, other courses of action will be employed. Wha

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