Agile manufacturing is an approach that refers to the processes that enable organizations to quickly respond to customer needs and market changes while still controlling costs and quality.
There are four key elements that make agile manufacturing a highly effective approach in the marketplace.
- Modular Production Design- A modular fashion is used in order to produce products. This allows the modules to serve as a base product that can be formed into a variation. This allows the variation process to be fast and easy.
- Inform Technology- This type of technology allows the automation of dissemination processes that are rapid when it comes to the product information. This information is spread throughout the company in order to allow the orders to be responded to in a fast and swift response.
- Corporate Partners- Short-term alliances can be created with other companies in order to benefit each other. These type of relationships can be used in order for the time-to-market to be improved for the selected product segments.
- Knowledge Culture- Investments made in the training of employees can be made in order to successfully achieve a good knowledge culture. This knowledge will help employees to understand the rapid change and the ongoing adaptation that occurs in the marketplace.