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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.
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).
Hayes-Wheelwright matrix; Metadata. This file contains additional information, probably added from the digital camera or scanner used to create or digitize it.
Hayes worked for IBM and McKinsey & Company. [1] He became a professor at the Harvard Business School, eventually receiving the Philip Caldwell chair in business administration. [1] He worked with William J. Abernathy. [2] Professor Wickham Skinner was one of their mentors. [2]
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C. Capability management in business; Capital good; Capital note; Capitalization-weighted index; Carbon accounting; Carrying cost; Case study; Cash conversion cycle
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