Flexibility

Cards (2)

  • Overall
    Flexibility can be best achieved by increasing the capacity of production
    This can be done by using plant and machinery better, buy new technologies that increase flexibility and change the product design to create a broader variety
    Purpose: to improve processing times which means operations will have a better chance of adapting quickly when the time comes
    How to achieve it? Increase demand for new products → change inputs and processes and existing products → increase the volume and variety of outputs by increasing capacity
  • Goods vs services
    Goods : use of technology and increase the number of employees because they focus on increasing volume rather than capacity
    Services: hire more service providers, increase their skill levels and use more tech