Flexible Manufacturing Systems
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Please help with the following business management problem. Include at least one reference in your solution.
Explain the concept of flexible manufacturing systems.
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Solution Summary
The following posting helps explain the concept of flexible manufacturing systems. Concepts discussed include production processes and chances to earn profit.
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FLEXIBLE MANUFACTURING SYSTEMS
Flexibility in manufacturing operations is one important characteristic of a company that allows itself to cope with uncertainties and changes in the environment. These changes may be in the way existing processes or methods are executed; the volume of demand; product features required by the buyers; effectiveness and efficiencies of existing machineries and equipment; and many other changes which, if not handled or addressed immediately, would delay the production process or make the company lose a customer or the chance to earn profit.
Flexibility in manufacturing may be considered as an area of strength that may serve as an edge of the company ...
Education
- Bachelor of Science in Business Administration, University of the Philippines
- Master in Business Administration, Saint Mary's University
- Doctor of Philosophy in Education, University of the Philippines
- Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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