Flexible Manufacturing System - FMS

[munna99185]

A method for producing goods that is readily adaptable to changes in the product being manufactured, in which machines are able to manufacture parts and in the ability to handle varying levels of production. A flexible manufacturing system (FMS) gives manufacturing firms an advantage in a quickly changing manufacturing environment.
[http://www.investopedia.com/terms/f/flexible-manufacturing-system.asp]

Sayed Farrukh Ahmed
Assistant Professor
Faculty of Business & Economics
Daffodil International University

[Farhananoor]

Good to know.