What are Advantages of Flexible Manufacturing System FMS?

What are Advantages of Flexible Manufacturing System FMS?

The advantages of a flexible manufacturing system FMS is depicted below.

The benefits or advantages of flexible manufacturing system are listed below:

1. Large variety of same products.
2. Profitable investment.
3. Requires limited inventory.
4. Low labour cost.
5. Flexible system.
6. Speedy production.

Let's quickly discuss each advantage of Flexible Manufacturing System (FMS).

1. Large variety of same products

Flexible Manufacturing System (FMS) can produce a large variety of the same type (homogeneous) of products.

2. Profitable investment

The company invests a lot of money (capital) in machines. However, FMS makes optimum use of these machines. Therefore, though costly, FMS is still a profitable investment.

3. Requires limited inventory

FMS requires limited inventories compared to other production systems.

4. Low labour cost

In FMS, most of the work is done by automated machines and robots. There is hardly any need of a manual work or some human intervention. Therefore, in FMS, the labour cost becomes very low.

5. Flexible system

FMS is a very flexible system. This is because it can produce a large variety of similar products. The quantity and design of production can also be changed very quickly.

6. Speedy production

The products can be produced very quickly because the materials are loaded, unloaded and transferred from one machine to another by robots.