An flexible manufacturing system (FMS) is a production method that uses machines and computer systems configured to manufacture a variety of parts and handle changing production levels. An FMS reduces labor costs through automation but has higher initial setup costs than a fixed system. It was developed in the 1950s and debuted in factories in the late 1960s, allowing interconected workstations to process products from start to finish. Advantages include lower per-unit costs and improved quality, while initial costs and maintenance complexity are disadvantages.