Flexible manufacturing systems (FMS) were first conceptualized in the 1960s and allow for automated production with interchangeable parts. An FMS consists of multiple automated workstations like CNC machines connected by an automated material handling system. This automation allows for flexibility in production, including the ability to produce different part styles and quick changeovers. While offering advantages like improved efficiency and quality, implementing an FMS presents challenges around costs, maintenance, and adapting to production changes.