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"Analyse the benefits and problems for a firm trying to increase the flexibility of its operations"
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"Analyse the benefits and problems for a firm trying to increase the flexibility of its operations" Simon Puncher Flexibility is the ability and the willingness of a firm to change its operations in response to changing circumstances. In the ever changing marketplace, a company not able to redevelop a product, department, or itself "over-night" may miss out in terms of sales to one of its competitors. Customers demand more and more in terms of different products, and more styles and companies need to be flexible enough to adapt production to meet these needs. Fashionable and successful lean production techniques also require no more resources, such as stock or even staff than is required at that time and so flexible work forces may be required to meet seasonal trends. Mass production techniques have the benefit to the company that they are cheap to run, quick, and produce consistently high quality products. They aren't good...
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