Flexible processes. Operations Management Assignment Help

Flexible processes.

Flexible processes are epitomized by flexible manufacturing systems on the one hand and simple, easy-to-set-up equipment on the other. Both of these technological approaches permit rapid low-cost switching from one product line to another. enabling what is sometimes referred to as economies of scope. (By definition, economies of scope exist when multiple products can be produced at a lower cost in combination than they can separately.

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