Flexible manufacturing system

A flexible manufacturing system is able to accommodate changes in a company’s product mix on short notice. It does so by using equipment that allows for short setup times, so that abbreviated production runs are economical. This approach does not necessarily result in the lowest cost per unit, which can be more readily achieved with dedicated equipment that is targeted at very long production runs. However, a flexible system can more precisely match customer orders, resulting in a reduced investment in finished goods inventory.