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

Types of sampling risks, T y pes of Sampling Risks A guarantee that e...

T y pes of Sampling Risks A guarantee that every defective item in a lot would be found cannot be stated by neither sampling nor 100% inspection, 100% inspection has the risk

What do you meant by change of scope in a project, Question: (a) (i) Wh...

Question: (a) (i) What do you meant by "a change of scope" in a project? (ii) Unplanned changes (for e.g, unplanned expenses) might occur during the implementation phase of

What are necessary features of the earned value management, What are the ne...

What are the necessary features of the Earned Value Management? Necessary features of EVM systems: a. A quantified project plan which identifies work or activities to be

The range of internal possibilities, Describe the range of internal possibi...

Describe the range of internal possibilities that exist for an organisation wishing to fill a job vacancy. A number of internal possibilities exist for recruitment, short listi

Llean management, Arvin Automotive, a company that makes muffler assemblies...

Arvin Automotive, a company that makes muffler assemblies for the Big Three, is committed to the use of Kanban to pull material through its manufacturing cells. Arvin has designed

Explain how culture influences global product development, Question 1: ...

Question 1: (a) Critically evaluate joint venture and licensing as global market entry methods. (b) Explain and illustrate how a geocentric approach to global marketing i

Human aspects of project management, Carry out a literature search and writ...

Carry out a literature search and write a short report on 'The Human Aspects of Project Management and its Influence on Project Performance'.  Report should be no more than 5 pages

What limitations should be considered in project beginning, What limitation...

What limitations should be considered in the beginning of a project? limitations of project: The central question into the follow-up phase concerns while and where the pro

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