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

Mapping project - mapping system, i. Select a small mapping project appl...

i. Select a small mapping project applicable to your 'mapping' system that aims to present a theme or specific solution (e.g. tourist map, farm map, habitat map, etc.). ii.

Woody, woody Develop a list of "Key Success Indicators" that could and shou...

woody Develop a list of "Key Success Indicators" that could and should have been measured on completion. Rank them in order of priority for this project.

Record modules, We have four record modules that count either numbers or ca...

We have four record modules that count either numbers or calculate time. The first one calculates the exit time for all types of patients. The second counts the number of exception

Identification of customers - implementing tqm techniques, Identification o...

Identification of Customers: Who are the external and internal customers? Can customers be segmented either on the basis of the service that they require, or their attitudes t

Which tools are best for you to evaluate team performance, Q. You have been...

Q. You have been hired by a contractor, who wants you to organize a construction project for one of their clients. The project team has been working for six weeks. You need to eval

Risk process , Risk Process  An organisation faces many risk related is...

Risk Process  An organisation faces many risk related issues. To mitigate those risks we have risk management techniques. These steps assist an organisation to mitigate risk an

Family Planning, Dr. Adinombe Watage, deputy director of the Family Plannin...

Dr. Adinombe Watage, deputy director of the Family Planning Research Center in Nigeria’s Over-the-River Province, was assigned the task of organizing an training five teams of fiel

Elaborate those stages in a project life cycle, QUESTION (a) The projec...

QUESTION (a) The project organization structure clearly identifies the relationship between project team members through defining their duties, responsibilities and lines of au

Evaluating the iteration plan, o Does the iteration plan identify a high le...

o Does the iteration plan identify a high level objective? o Is the objective consistent with the highest priority requirement of the project? o Are work items identified spe

What do you mean by variable costs, What do you mean by variable costs? ...

What do you mean by variable costs? Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are as given below: direct

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