What is Volume Flexibility in Supply Chain Management? PDF Book

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

Volume Definition

  • Operation's ability to change its level of output or activity to produce dierent quantities or volumes of products and services over time.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston



Volume Explanation

Volume is the amount of three-dimensional space encased by a shut surface, for instance, the space that a substance (strong, fluid, gas, or plasma) or shape possesses or contains. Volume is frequently evaluated numerically utilizing the SI inferred unit, the cubic meter. The volume of a holder is commonly comprehended to be the limit of the compartment; I. e., the measure of liquid (gas or fluid) that the compartment could hold, as opposed to the measure of room the holder itself uproots. Three dimensional scientific shapes are additionally relegated volumes. Volumes of some straightforward shapes, for example, normal, straight-edged, and roundabout shapes can be effectively determined utilizing number juggling recipes. Volumes of confounded shapes can be determined with basic math if a recipe exists for the shape's limit.

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