This document discusses two production strategies - mass production and mass customization. Mass production focuses on high volume and low variety with minimal customization and uses low-skilled labor. Mass customization allows for both high volume and variety, using flexible processes but tight schedules, and is best for industries like consumer electronics with large markets.
This document discusses two production strategies - mass production and mass customization. Mass production focuses on high volume and low variety with minimal customization and uses low-skilled labor. Mass customization allows for both high volume and variety, using flexible processes but tight schedules, and is best for industries like consumer electronics with large markets.
This document discusses two production strategies - mass production and mass customization. Mass production focuses on high volume and low variety with minimal customization and uses low-skilled labor. Mass customization allows for both high volume and variety, using flexible processes but tight schedules, and is best for industries like consumer electronics with large markets.
a. Product focus: The focus is on high volume and low variety.
Customization is minimum. There is a high fixed cost involved but the
variable cost is low. There are fewer inputs and low-skilled laborers. This Strategy is best suited for the manufacturing industry. b. Mass customizations focus: The volume, as well as variety, are high. The process design is flexible but the schedule is tight. For example, laptops, mobile phones, etc. This is best suited for the industries which make consumer goods and have a huge market.