Flexibility

• Flexibility is the ability of an organisation to change its operations in some way
• 3 types of stock

  • raw materials
  • work in progress
  • finished goods
• In lean production

  • raw materials - low
  • work in progress - high
  • finished goods - low
• Switching production from one product to another
• Volume flexibility
• Delivery flexibility
• Mix flexibility (alternative versions of the same basic products)