Abstract: Information and management concepts has focused on how available knowledge is exploited to improve oranizational performare especially in flexible manufacturing systems or activities. There is limited information on how concepts acquired during flexible manufacturing systems development can be utilized the product life cycle to provide decision support. Exising management systems knowledge do not seem to provide information on well-known manufacturing constrains and product attributes identified during product development. Some flexible manufacturing systems do not provide the means of identify and utilise tacit knowledge which have a major impact on some flexible manufacturing systems development process. An organized transfer of knowledge from previous systems will no doubt enhance the management quality, efficiency, cost and time to market of new flexible manufacturing system in economical field. The study shows that has developed a knowledge management framework to support flexible manufacturing systems development in economic environment.