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Flexibility And Fms: An Empirical Analysis, Mihkel Tombak, Arnoud De Meyer
Flexibility And Fms: An Empirical Analysis, Mihkel Tombak, Arnoud De Meyer
Research Collection Lee Kong Chian School Of Business
It is shown how the concerns of the managers of firms with flexible manufacturing system projects (FMS) differ from those of manufacturing firms without FMS projects. An economic model is developed from which two hypotheses are obtained. The first hypothesis is that firms were investing in FMS to deal with the variance in their inputs. The second proposition is that firms wished to use FMS to deal with the variance in their outputs. Through an analysis of manufacturing survey data it was found that firms planning to implement FMS were statistically more concerned about vendor quality and vendor lead times …