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

Describe fully the key constraints faced by any project, Question 1: (a...

Question 1: (a) What do you meant by a Project? (b) Describe Project Management and Project Manager. (c) Highlight the different types of activities involved in the management

International bussies, VK Ltd a multi-product Company, furnishes you the fo...

VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000. First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total Cost Rs

Steps of project manager to enhance likelihood of project, Ideally, the nee...

Ideally, the need for an IS project would be given in some detail before planning begins. When the requirement is not detailed adequate, what steps can the project manager take to

Project management functions, Project Management Functions Let us now d...

Project Management Functions Let us now discuss the project management functions. Project management process consists of five core functions to utilise resources to accomplish

The Walsham Hotel, Compare and Contrast the KN346 investment and the "plain...

Compare and Contrast the KN346 investment and the "plain vanilla" alternative.

Factors affecting process design - level of product, Factors affecting Proc...

Factors affecting Process Design - Level of Product In today marketing environment mass produced products with high product quality offer a better competitive edge to the manu

Define the resource histograms in short, Define the Resource Histograms in ...

Define the Resource Histograms in short. Resource histograms A resource histogram is a column (or bar) chart which demonstrates the number of resources allocated to a pro

Describe the follow-up phase, Describe the follow-up phase, in short. ...

Describe the follow-up phase, in short. Follow-up phase: Although this is extremely significant, the follow-up phase is frequently neglected. Throughout this phase, the w

Drawbacks of poor planning and designs, Question 1: Explain why hotel m...

Question 1: Explain why hotel managers today are expected to be well-versed in Facilities Planning and Design Management. What according to you could be the drawbacks of poor

Help on project from henley, The Integrated Management Project is a demandi...

The Integrated Management Project is a demanding piece of work requiring initiative, energy and application. It is our desire to support you and help you in this process as much as

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