flexibility

flexibility The ability to adapt an operating system to respond to changes in the environment. Increasingly seen as a source of competitive advantage in a rapidly changing market, it is an area of operations management in which Japanese practices have had a major impact. Flexibility has two dimensions: how quickly and how far an organization can change. Changes may be called for in terms of the product or service, i.e. the flexibility to introduce new products; mix flexibility is the ability to provide a wide range or mix of products; volume flexibility is the ability to produce different volumes to suit demand; delivery flexibility is the ability to change (usually advance) the delivery date.

• go private
• go public
• Gordon growth model
• go slow
• gourde
• Government Accountability Office
• government actuary
• government broker
• government grant
• government market
• Government National Mortgage Association
• government security
• grace and notice provision
• Gramm–Leach–Bliley Act
• grandfathered activity
• grant-in-aid
• grant of probate
• graphical user interface
• graphic rating scale
• graphics
• graphology
• greater-fool theory
• green audit
• Greenbury Report
• green currencies