Mass customization is essentially production on demand, triggered by actual orders versus traditional mass production based on sales forecasts" ("Mass Customization: A leading paradigm in Future Manufacturing"). This is an age of producing customer specific products…
There is a greater awareness of preferences, choices, and customization among customers. This has posed a great challenge to the industries at large. Trans National Corporations' (TNC's) producing at large scale find it very hard to break their production run and set their machines for new orders as it is rarely economically feasible for them. However, the cutthroat competition among competitors have forced production engineers and supervisors to come up with new and innovative technologies to produce customized products on a mass scale.
Computer and IT Technology, artificial intelligence, and flexible production lines driven by innovation have led to the possibility of mass customization. The idea is that industry should produce what is demanded and not what it expects to be demanded. For that to happen practically, times required to change jobs have to be reduced.
In printing industry machine operators are averse to short run jobs, as setting time for a new job is significant. A new job setting requires mainly cleaning, changing blankets, making printing plates, setting color, and supplying logistics- right sizes and colors of paper/board and ink respectively. One critical step is taking the old ink out, cleaning the fountain roller on top of color units, and again filling them up with new inks. Sometimes this may take more than 15 minutes, provided each crewmember is available at each color unit. ...
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(“Production of Quality Goods Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
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(Production of Quality Goods Essay Example | Topics and Well Written Essays - 500 Words)
“Production of Quality Goods Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.net/miscellaneous/274012-production-of-quality-goods.
Various concepts are used in economics, them being; goods and services, firms, productions, supply and demand. Consumers’ needs and wants influence how goods and services are produced by firms, distributed by retailers and wholesalers, and the general consumption of the products themselves.
Therefore, having appropriate systems ensures that an economy runs smoothly. However, business systems that are not effective could reflect flaws in the economy, where the supply for goods and services does not meet the demand. There are many types of business systems that are used by governments to ensure there is constant production of goods and services to meet demand (Cohen and Boyd, 2000:23).
This is done by giving satisfactory results to the people that need the products and services of the stated business. As such, a firm strategizes on various activities that will improve its performance. In many cases, it is done by ensuring customers are treated with decency and are satisfied with the products that are offered (Hill, 2008:19).
Therefore, the target market is outdoor athletes. This paper gives the analysis of the communication process that would help in marketing the product to the target market. To market a product successfully, it is important to establish the product’s communication goal.
Legal business environment ensures that there is fair competition in the market and it reduces the risks of exploiting the consumers. However, there are some of the existing loopholes where unscrupulous entrepreneurs use to exploit consumers for instance by the existence of monopoly in the markets.
This essay analyzes the Luxury Goods and Fashion. Luxury goods are therefore those products are not necessarily basic for the survival of human beings. This does not means they are of futile in use, but it implies men can do without them through the use of substitutes for they just add pleasure to ones life. Goods are thus categorized to be luxury.
(Bowersox, Closs, and Cooper 2002) Logistical services, a unique subset of industrial services that span the boundaries between suppliers and customers, have become increasingly important to successful supply chain operations. Logistic experts understand that these activities constitute the very essence of their business.