What manufacturing model is characterized by producing small runs of customized products cost-effectively?

The flexible manufacturing model is designed to accommodate the production of small runs of customized products while maintaining cost-effectiveness. This approach allows manufacturers to quickly adapt their processes and equipment to produce different product types without incurring significant costs typically associated with larger production runs.

Flexible manufacturing systems utilize advanced technology and automation to enable rapid changeovers between different product designs, which is essential for customization. This flexibility is particularly advantageous in markets where consumer preferences change frequently and where there's a growing demand for personalized products. As a result, manufacturers can efficiently respond to customer demands without the inefficiencies that often plague mass production scenarios.

This model promotes agility in production, helps reduce waste, and leads to better resource utilization—making it ideal for businesses aiming to deliver customized solutions while still being competitive on cost.