Identify the location of your organization in the volume- variety matrix/product process matrix. Evaluate whether the organization has the necessary competence as required.
Expert Answer
The volume –variety matrix/product-process matrix is generally a tool or mechanism used for analyzing the relationship between the product life cycle and the process life cycle of an organization. It was developed and introduced by Robert H. Hayes and Steven C. Wheelwright .
This matrix is used to examine market-manufacturing congruence issues and to facilitate the understanding of the strategic options available to a company. The matrix itself composed of two dimensions such as
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