mass customization
DESCRIPTION
Mass CustomizationTRANSCRIPT
MASS CUSTOMIZATION
WHAT IS MASS CUSTOMIZATION?New frontier in business competition for both manufacturing
and service industries
At its core is a tremendous increase in variety and customization without a corresponding increase in costs
At its limit, it is the mass production of individually customized goods and services
At its best, it provides strategic advantage and economic value
Effectively postponing the task of differentiating a product for a specific customer until the latest possible point in the supply network
ADVANTAGES
Mass customizers can customize products quickly for individual customers or for niche markets at better than mass production efficiency and speed.
Using the same principles, mass customizers can Build-to-Order both customized products and standard products without forecasts, inventory, or purchasing delays.
NICHE MARKETS
A relatively small and specialist, yet profitable, market
Not mass marketed. Marketed to a smaller group of consumers who share a specific need/desire that is not a universal consumer
expectation
A FEW SUCCESSFUL NICHE MARKETS
A FEW SUCCESSFUL NICHE MARKETS
A FEW SUCCESSFUL NICHE MARKETS
A PIONEER IN MASS CUSTOMIZATION
Dell assembles computers according to the specifications ordered by the customers
Uses collaborative approach and assembles computers to customer's exact specifications
Dell has recently become the number one maker of file servers in the U.S., as well as holding the number two position worldwide.
The production process from order to delivery is managed electronically, which allows Dell to build servers very efficiently and their customers to know where their server is during each step of the process.
A PIONEER IN MASS CUSTOMIZATION