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

Man power planning in human resources management, What is the importance of...

What is the importance of man power planning in human resources management? Significance of Man Power Planning within Human Resources Management is as illustrated here: a. M

#title.Discountingw., what is the principle of discounting and what issues ...

what is the principle of discounting and what issues are critical in this process

Bidding , Bidding is a process in which you  quote money in exchange of go...

Bidding is a process in which you  quote money in exchange of goods or services through an auction. They are two types of auctions: open auction and silent auction. In an open auc

Reporting style, The Integrated Management Project is not intended to be an...

The Integrated Management Project is not intended to be an academic research report and the markers will not normally expect inclusion of a literature review or hypothesis testing.

Design and fill a non-conformity form, Question: (a) An internal audit ...

Question: (a) An internal audit program (or schedule ) is prepared taking into consideration ‘the status and importance of the various processes and areas.' With reference to

What is the role of strategy in project management, Problem 1: a) What ...

Problem 1: a) What is the role of strategy in project management? b Explain the importance of aligning H.R projects with the organizational strategy. c) What are the impa

Explain gbf group''s strategic business units, GBF Group is a leading food ...

GBF Group is a leading food and beverage manufacturer with an international presence in over 50 countries worldwide. The group has seven strategic business units (SBUs) and each ha

Seven forces and the body of knowledge, T he seven forces and the body of ...

T he seven forces and the body of knowledge A root cause is a basic causal factor, which if corrected or isolated will stop recurrence of a situation .There is honest disagree

What do you mean by post completion report, What do you mean by post comple...

What do you mean by post completion report? The post completion (PC) report: This report would be created at the closing or finish stage of a project. Post completion rep

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