FLEXIBLE MANUFACTURING SYSTEM

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DEFINATION:

The capability of producing different parts without major retooling 

A measure of how fast the company converts its process from making an
old line of products to produce a new product 

The ability to change a production schedule, to modify a part, or to handle multiple parts


ADVANTAGES

Advantages

Faster, lower- cost changes from one part to another which will improve capital utilization

Lower direct labor cost, due to the reduction in number of workers

Reduced inventory, due to the planning and programming precision

Consistent and better quality, due to the automated control

Lower cost/unit of output, due to the greater productivity using the same number of workers

Savings from the indirect labor, from reduced errors, rework, repairs and rejects