Strategies for complexity management coping with cost estimation. The case of customized furniture manufacturing

Abstract

The task of cost and price estimation is primarily grounded upon the company’s capacity to recognize complexity, which is rapidly growing in the modern manufacturing sector. A great deal of today’s industries face a problem of growing complexity, which affects all vital functions of the organization and puts up a serious challenge in terms of company’s competitiveness. The goal of the present research is to find out how furniture companies working with customization manufacturing identify complexity in their performance and what strategies they use to deal with the complexity of pricing in cases of new orders.