In the manufacturing industry, High-Mix Low-Volume (HMLV) production is a special type of capacity that has been designed to produce high output with low lead times. It should be used in situations where there will always be insufficient inventory and at least one significant high-order opportunity coming up in a relatively short span of time. HMLV production is also called 'fast turn' manufacturing or 'just in time' production.
What is HMLV Manufacturing?
HMLV manufacturing is used to produce specific high-mix items that are either difficult to predict and cannot be produced on an 'as needed' basis. In other words, High Mix Low Volume manufacturing is a production method that is used by production planners who know that all of their products are needed in a given period but do not know in advance when they will need them. HMLV manufacturing is based on the ability to meet just-in-time delivery requirements by putting out products that are required soon enough to still match the planned period.
Significance of HMLV Manufacturing:
The significance of HMLV manufacturing, as compared to other manufacturing methods, is that it can reduce the average inventory level and lead time. In industries where shipments are infrequent, but demand varies significantly from month to month or year to year, a relatively high level of inventory and long lead times may be 'justified' for a period whose actual demand is unknown. In such cases, the benefits that HMLV production provides in reducing cost and improving response time may outweigh the cost of carrying higher inventory levels than would be necessary if there were no uncertainty in demand levels.
HMLV production is one tool that can be used to reduce inventory levels within a time-based system. It does not, however, represent a solution to the uncertainty challenge. To manage uncertainty, the benefits of HMLV production must be balanced against the cost of keeping more inventory than would be needed when actual demand is known.
The main benefit of HMLV production is that it can reduce lead-time levels significantly. In addition to short lead times and small quantities, another benefit is that many high-mix/low-volume producers do not have capacity constraints, as they produce only specific products and do not use set production runs or make components for other products.
Conclusion:
HMLV production is a manufacturing method used to produce High-Mix Low-Volume production. The significance of HMLV production is that it can reduce the average inventory level and lead time. HMLV manufacturing has been used in situations where there will always be insufficient inventory and at least one significant high-order opportunity is coming up in a relatively short span of time.
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The global 5-Axis CNC Machining Centers market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.This report focuses on 5-Axis CNC Machining Centers volume and value at global level, regional level and company level.
From a global perspective, this report represents overall 5-Axis CNC Machining Centers market size by analyzing historical data and future prospect.
Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-axis-cnc-machining-centers-2019-422The following manufacturers are covered:Haas AutomationHurcoMakinoOkumaShenyang Machine ToolsCMS North AmericaFANUCJyoti CNC AutomationYamazaki MazakMitsubishi ElectricSiemens AGSegment by RegionsNorth AmericaEuropeChinaJapanSegment by TypeVertical 5-axis CNC machining centersHorizontal 5-axis CNC machining centersSegment by ApplicationAerospaceAutomotiveMetal fabricationGet the Complete Report & TOC @ https://www.grandresearchstore.com/manufacturing-and-construction/global-axis-cnc-machining-centers-2019-422Table of contentExecutive Summary1 5-Axis CNC Machining Centers Market Overview1.1 Product Overview and Scope of 5-Axis CNC Machining Centers1.2 5-Axis CNC Machining Centers Segment by Type1.2.1 Global 5-Axis CNC Machining Centers Production Growth Rate Comparison by Type (2014–2025)1.2.2 Vertical 5-axis CNC machining centers1.2.3 Horizontal 5-axis CNC machining centers1.3 5-Axis CNC Machining Centers Segment by Application1.3.1 5-Axis CNC Machining Centers Consumption Comparison by Application (2014–2025)1.3.2 Aerospace1.3.3 Automotive1.3.4 Metal fabrication1.3 Global 5-Axis CNC Machining Centers Market by Region1.3.1 Global 5-Axis CNC Machining Centers Market Size Region1.3.2 North America Status and Prospect (2014–2025)1.3.3 Europe Status and Prospect (2014–2025)1.3.4 China Status and Prospect (2014–2025)1.3.5 Japan Status and Prospect (2014–2025)1.3.6 Southeast Asia Status and Prospect (2014–2025)1.3.7 India Status and Prospect (2014–2025)1.4 Global 5-Axis CNC Machining Centers Market Size1.4.1 Global 5-Axis CNC Machining Centers Revenue (2014–2025)1.4.2 Global 5-Axis CNC Machining Centers Production (2014–2025)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
