What does the term 'low-volume production' refer to?

The term 'low-volume production' specifically refers to creating products in limited quantities for specific situations. This method is often employed when products are highly customized or tailored to specific customer needs, allowing for flexibility in design and production processes. Low-volume production can be advantageous for businesses that require bespoke items or want to test new products in the market without committing to large-scale production runs.

In contrast, mass production aims for a high output of identical products, which does not align with the concept of low-volume production. Continuous machines operating non-stop is indicative of mass production systems, where efficiency and large batches are prioritized. Lastly, designing products with no set quantity implies a more fluid approach to production planning, but it does not explicitly capture the essence of low-volume production, which is defined by its limited output aimed at niche markets or specialized applications.