Types of operations systems - variations in demand, Operation Management

Types of Operations Systems - Variations in Demand

Make-to-order versus make-for-stock 

Particularly in production systems, a key decision must be made as to whether or not finished products will be made in advance of specific orders. The choice will largely depend on the nature of the product and its market. 

Make for stock 

In this case, products are made in advance of orders, typically based on a forecast of eventual demand, and held in stock ready to supply customers off-the-shelf. If the customer's expectations is less than the supply lead time, then make for stock. This is the case in most shops where the customer expects to purchase on the spot.

Posted Date: 3/16/2013 6:11:27 AM | Location : United States







Related Discussions:- Types of operations systems - variations in demand, Assignment Help, Ask Question on Types of operations systems - variations in demand, Get Answer, Expert's Help, Types of operations systems - variations in demand Discussions

Write discussion on Types of operations systems - variations in demand
Your posts are moderated
Related Questions

Compare or contrast optimization techniques to simulation techniques, such as the SCM Globe "Cincinnati Spices" exercise?

Effect of Statistical Process Control The essence of this approach is that, having set up a process and established that it is stable, sample measurements of the process outpu

Needs to know how to run office affairs and to handle the paperwork of all customers as they come in each day, and take care of the work load of the employees as to setting up the

Consider the table below. This time, the historical profitability of eight locations is listed in the table. Devise a regression equation and predict the profitability of a new sit

1. Some tasks and the order in which they must be performed according to their assembly requirements. These are to be combined into workstations to create an assembly line. The

Why is information technology such an important element when entering into a VMI agreement? Explain using examples from Eka Chemicals and Interfast.


Why would it be harder for heavily unionized organizations to settle on their bargaining targets than for those with a small proportion of unionized employees?

I asked the wrong question last time. I asked it wrong. How does a project life cycle differ from a product life cycle?