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Study Volume Flexibility lecture notes PDF with supply chain management definitions and explanation to study What is Volume?. Study volume flexibility explanation with SCM terms to review supply chain management course for online MBA programs.

Volume Flexibility Definition:

  • Level or rate of output from a process, a key characteristic that determines process behaviour.

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



Volume Flexibility Notes:

Volume adaptability is the capacity to change creation volume. In our model, it is estimated by the part of complete unit expenses caused after the update time. Two contentions clarify why volume adaptability is high if this division is enormous. On the off chance that unit limit costs are little in respect to peripheral yield expenses acquired after the update time, the firm will put resources into a moderately high limit level that is probably not going to compel yield volume. What's more, the greater part of unit cost is as yet factor at the update time with the goal that the firm has the capacity and financial motivating force to adjust its volume to the refreshed figure. Different components that decide this proportion of volume adaptability incorporate capital power of the generation procedure or the capacity to change supply amounts and modify limit.

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