customization


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Related to customization: Mass customization

customization

the adaption of a good or service to meet the particular requirements of a specific customer or group of customers. Extreme customization involves the design, and production of a different product for each customer, which tends to be expensive. In order to achieve cost savings associated with ECONOMIES OF SCALE firms may prefer to produce a limited range of standardized products (see STANDARDIZATION). As a compromise firms often seek to produce a single standardized product which can then be varied slightly through customization to meet broadly the requirements of different groups of buyers. See MARKET SEGMENTATION, PRODUCT RANGE.
References in periodicals archive ?
This menu will make it simple for ICT vendors to pick the customization options that meet their needs, enabling them to quickly and inexpensively develop their business, rather than designing, developing, and manufacturing their own products.
Tokyo, Apr 25, 2014 - (JCN Newswire) - Fujitsu today announced that it is taking steps to strengthen its server customization business for VAR(1) and OEM(2), two markets anticipated to see future growth.
I didn't even start with player customization so much as customization.
This book examines the latest research on customization of communication services and environments.
As the practice and research of mass customization develops, there is increasing understanding of how it can be implemented in terms of manufacturing capability and expertise, data transfer and management, the implementation of business systems, and the development of product architectures.
Mass customization combines product customization according to individual consumer needs with concerns of cost efficiency.
Whether they are in the business of car customization or preparing candidates for college admission, young successful black entrepreneurs are turning trends into profits by creating some of the most innovative enterprises in the country.
Brian Conlin, vice-president of operations, says mass customization means having a fully automated production facility capable of doing "customization on the fly," with special programming tools on their CNC machines known as parametric programming.
Accenture's Stoll relates, "I have a client I can't name that went into an ERP project thinking they were going to spend $6 million and ended up spending $26 million, with $20 million being customization.
Manufacturers worldwide - including Toyota, Harley-Davidson, Align and many others - turn to Raindrop Geomagic as their technology partner for mass customization and quality assurance.
McLendon and others participating in a panel discussion on mass customization at the Bobbin World show here last month agreed that the key to success in mass customization is to keep the number of options at a reasonable level.
Mass customization on Haworth's scale may sound appealing, yet little is known about what effect, if any, such projects have on IT departments.

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