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To achieve agile manufacturing, one type of strategy described in the question is forming Virtual Corporations. Virtual Corporations are temporary groups of organizations that collaborate closely to achieve common goals, such as reducing costs by pooling resources together. These virtual teams are flexible and can quickly adapt to changing market conditions and customer demands.
Here's a breakdown of how Virtual Corporations help achieve agile manufacturing:
1. Collaboration: By bringing together multiple organizations, each contributing its expertise and resources, Virtual Corporations create a collaborative environment where knowledge and skills are shared to enhance overall productivity and efficiency.
2. Cost Reduction: Pooling resources like manufacturing facilities, technology, and workforce allows Virtual Corporations to benefit from economies of scale, leading to cost reductions through shared expenses and optimized operations.
3. Agility: Virtual Corporations are designed to be agile, meaning they can rapidly respond to market changes, production challenges, or customer requirements. This flexibility enables them to stay competitive and innovative in a fast-paced business environment.
In summary, Virtual Corporations are an effective strategy for achieving agile manufacturing by promoting collaboration, cost reduction, and agility among participating organizations.
