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The Hayes-Wheelwright matrix is a four-stage model; each stage is characterized by the management strategy implemented to exploit the manufacturing potential. In stage 1, the production process is flexible and high cost, and becomes increasingly standardize, mechanized, and automated, resulting in an inflexible and cost-efficient process.
Download as PDF; Printable version; ... Robert H. Hayes is an American academic. ... Hayes-Wheelwright matrix; References
Choices in production technology involve: dimensioning capacity, fractioning capacity, capacity location, outsourcing processes, process technology, automation of operations, trade-off between volume and variety (see Hayes-Wheelwright matrix).
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This is the process a firm undergoes to create an aggregate project plan: Create a well-defined and easily understood strategy. Relay the strategy with the aim of developing new products, processes, or services and improving the efficiency of current projects.
C. Capability management in business; Capital good; Capital note; Capitalization-weighted index; Carbon accounting; Carrying cost; Case study; Cash conversion cycle