Low volume manufacturing is the process of manufacturing products in small quantities. This type of manufacturing is typically used for prototypes, custom products, or limited-edition runs. It generally have shorter lead times and can be more flexible with design changes than their high volume counterparts.

High-volume production refers to a manufacturing process that is optimized for producing a large quantity of products or components within a relatively short period of time. This approach is typically used when there is strong demand for a particular product, and economies of scale can be achieved by producing a high volume.