Environmental changes require a paradigm shift at manufacturing priority and management mindset. Flexible and agile manufacturing have emerged as the new paradigm for the 21st century. Thus, value chain flexibility becomes critically important for a firm to achieve sustainable competitive advantages. This book clarifies the concept of flexibility and its dimensions. Flexibility is the ability to meet a variety of customer needs without excessive cost, time, organizational disruption, or loss of performance. Implicitly, the concept includes three dimensions of range, mobility, and...