As an Amazon Associate I earn from qualifying purchases.

What is Volume Flexibility in Supply Chain Management? PDF | Download eBooks

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.

Keep Learning Supply Chain Management Explanations

What are Disruptive Technologies?

Problematic innovation fundamentally changes the manner in which organizations or whole ventures work. It regularly powers organizations to change the ...

What is Center-of-gravity method?

A geographic data framework is a framework intended to catch, store, control, break down, oversee, and present a wide range ...

What is Total quality management (TQM)?

The long term success with the help of customer satisfaction by participation of all the members of the organization. The ...

What is Quantitative Forecasts?

Most of the organizations use statistical techniques to make predictions for future demand. This can be done by using past ...

What is E-Procurement?

E-acquisition commonly portrays business-to-business buys that are done on the web or over some computerized system or stage. This is ...

What is Servicescape?

Servicescape is a model created by Booms and Bitner to accentuate the effect of the physical condition where an administration ...