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    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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    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 ...

    Solution Summary

    The following posting helps explain the concept of flexible manufacturing systems. Concepts discussed include production processes and chances to earn profit.