The Need for Flexibility
The importance to have, create and expand your flexibility through uncertain times...
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In a world economy where globalization reaches almost every corner, the need for a company to attain flexibility has acquired tremendous importance to remain competitive and profitable. This study is about explaining what constitutes flexibility in manufacturing systems along with its different ramifications, it is about showing the importance of flexible systems and its benefits in the manufacturing industry focusing primary in the Auto Industry. This study would present the importance of flexibility in times of uncertain conditions (natural and socio-economic), it would present an analysis o...
In a world economy where globalization reaches almost every corner, the need for a company to attain flexibility has acquired tremendous importance to remain competitive and profitable. This study is about explaining what constitutes flexibility in manufacturing systems along with its different ramifications, it is about showing the importance of flexible systems and its benefits in the manufacturing industry focusing primary in the Auto Industry. This study would present the importance of flexibility in times of uncertain conditions (natural and socio-economic), it would present an analysis of the struggle of Toyota Motors Manufacturing Texas and one of its on-site suppliers Futaba Industrial Texas FIT to attain Manufacturing Flexibility through different economic crisis and a natural disaster presenting its strategies to mitigate economic losses and cope with the turbulent environment by developing robust systems.
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