Introduction
Welcome, fellow number enthusiasts, to the wild world of flexible manufacturing systems (FMS)! This is where we take boring production lines and sprinkle them with a dash of innovation and a splash of efficiency. Imagine having an automated production line that can adapt itself quicker than a cat chasing a laser pointer. Intriguing, right? Letβs delve into the mysteries of FMS!
Definition - What the Heck is an FMS?
In accounting jargon that might cause drowsiness, a flexible manufacturing system (FMS) is an automated production line that can be adapted to produce more than one product line. So, instead of having a dull, one-trick pony of a production line, you have a unicorn that can prance its way through various products.
Benefit? This marvel of engineering allows companies to lower costs and vary production faster than you can say βaccounting fun!β (Yeah, we know, that was a stretch.)
How It Works: The Magic Behind the Flexibility
Now, you might be thinking,