Definition Of Flexibility In Operations Management

Performance the primary operating characteristics.

Definition of flexibility in operations management. Process flexibility is a concept used in process management which refers to how an operation responds to outside factors normally changes to supply or demand. Features optional extras the bells and whistles. For example a mining company might use managerial flexibility in its operations in order to take advantage of rapidly rising mineral prices. Workplace flexibility is a strategy that emphasizes being able and willing to adapt to changing circumstances when it comes to how work gets done.

Conformance conformance to specification. From a strategic perspective in terms of how a company competes flexibility consists of two dimensions both of which relate directly to how the firm s processes are designed one element of flexibility is the firm. Managing flexibility in operations 1. Better responsiveness enables both savings and sales opportunities.

One of the more difficult aspects is how to plan for flexibility. Quality time cost and flexibility can be defined in various different ways to include for example. Flexibility as a multi dimensional concept sethi and sethi 1990 can be used for addressing and analyzing the relationships between marketing and operations functions where the emphasis should place on using the different dimensions. However specific flexibility constructs are often ill defined and the frequent use of such constructs has propagated conceptual confusion rather than leading to clarification of the meaning of the underlying concept.

This paper reviews and discusses the use of flexibility in three areas of the management literature organization theory strategic management and operations management and establishes that the. The notion of flexibility is frequently used throughout the academic and applied management literature. The management team s ability to adapt investment decisions including timing and scale to existing market conditions as opposed to preset assumptions and goals. Flexibility operations management assignment help operations strategy.

Workplace flexibility can enhance work life balance for employees leading to greater satisfaction and retention. Workplace flexibility meets the needs of both the business and its workers. Reliability likelihood of breakdown. Operational excellence can only be achieved if a robust operations strategy is in place a strategy that truly integrates an organization s people processes and systems.

Utilizing process flexibility well should reduce the cost of external factors which impact on a process. Under ideal conditions developing an efficient operations strategy would. Cost quality speed dependability and flexibility for the operations function.