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"It is increasingly evident that the era of mass production is being replaced by the era of market niches. The key to creating products that can meet the demands of a diversified customer base is a short development cycle yielding low cost, high quality goods in sufficient quantity to meet demand. This makes flexibility an increasingly important attribute to manufacturing.In response the reconfigu ...

European SMEs will have to adopt new business models and to establish dynamic and non-hierarchical networks to respond to market opportunities, assuring quick response, fast time to market, differentiated offerings and competitive prices. Sustainability for SMEs will be found in high-variety low-volume businesses, related with complex products manufacturing. However, there are currently no proven ...