What is Flexibility in Supply Chain Management? PDF Book

Learn Flexibility definition in supply chain management with explanation to study “What is Flexibility”. Study flexibility explanation with SCM terms to review supply chain management course for online MBA programs.

Flexibility Definitions

  1. Ability to respond with little penalty in time, cost, or customer value.

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  2. Degree to which an operation's process can change what it does, how it is doing it, or when it is doing it.

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Flexibility Explanation

Volume adaptability, characterized as the capacity to adequately increment or reduction total generation in light of client request). Volume adaptability straightforwardly impacts store network's exhibition by anticipating out-of-stock conditions for items that are abruptly in intense interest or by averting high stock dimensions.

Flexibility Explanation

An adaptable store network association requires a key chief, yet in addition contribution from directors who speak to the conventional production network elements of arranging, sourcing, assembling, coordination's, and furthermore deals and promoting, among others. An adaptable inventory network association requires a key head, yet additionally contribution from administrators who speak to the conventional store network elements of arranging, sourcing, assembling, coordination's, and furthermore deals and advertising, among others. This empowers the store network association to work intimately with these conceivably divergent business gatherings to all the more likely comprehend their individual tasks, objectives and due dates. Mix of the production network association with different capacities and over the all-encompassing inventory network is the bedrock whereupon adaptability will be fabricated.

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