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Focused Factory

 
Business Dictionary: Focused Factory
 

Form of production limited to a very small number of products for a particular target market. This requires a smaller investment and allows a greater degree of expertise to be developed than a more diversified manufacturing operation.

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Accounting Dictionary: Focused Factory
 

Objective of a focused factory is to organize around a specific set of resources to provide low cost and high throughput over a narrow range of products.

 
 

 

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more