Flexibility has been cited as a key factor to enhance the performance of flexible manufacturing sys-tem (FMS). The main aim of this paper is to rank the flexibility of FMS. The ranking decisions are complex in the manufacturing field to analyze a number of alternatives based on a set of some attributes. In this research, two MADM methods i.e. MOORA (i.e. multi-objective optimization on the basis of ratio analysis) and weighted Euclidean distance based approach (WEDBA) are used for ranking of flexibility in FMS for new part development. MOORA approach can give de-cision with or without considering relative importance of attributes i.e. attribute weights. While in WEDBA, integrated attribute weights are used for evaluation which included the subjective and objective weights of attributes. Objective weights are calculated by entropy method and subjective weights are calculated by analytic hierarchy process. MOORA is applied in two ways i.e. ratio based and reference point analysis. Ranking of fifteen flexibility of FMS done on the basis fifteen variables which effect flexibility of FMS. The results of MOORA and WEDBA approach shows that product flexibility has the top most flexibility in fifteen flexibilities and programme flexibility has the least impact in fifteen flexibilities.