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4.4
Managing Inventory and Supply Chains
Mass Customisation
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izzy
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Cards (4)
Mass customisation
offers individually tailored goods or services to
customers
on a large scale
Mass
customisation meets
customers
need better but can still be achieved offering near
mass-production
prices
Advantages of Mass Customisation
cost
reduction
- still large scale production
higher
revenue - customer will be prepared to pay more if a product is customised
competitive
advantage
Disadvantages of Mass Customisation
requires
sophisticated
and expensive
information
management systems
greater
expertise
in terms of
IT
, capital
equipment
and staff
training
problems with
rejected
products