Types of operations systems - variations in demand, Operation Management

Assignment Help:

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.


Related Discussions:- Types of operations systems - variations in demand

Explain pros and cons regarding the theories of motivation, What are the pr...

What are the pros and cons regarding the theories of motivation?

Explain advantage of using digits to enter categorical, What is the advanta...

What is the advantage of using digits to enter categorical data rather than using words or letters?

Span of processes - make or buy, Span of Processes - Make or Buy When ...

Span of Processes - Make or Buy When Henry Ford developed his famous moving assembly-line method of producing the Model T car at the River Rouge plant in Detroit, he chose to

Explain human resource management legal issues, Submit Apple, Inc.'s Human ...

Submit Apple, Inc.'s Human Resource Management Legal Issues related to Apple, Inc.'s HRM Strategic Workforce Improvement Plan project

Explain terms feasibility and acceptability, Describe the four options high...

Describe the four options highlighted in the case study in terms of their feasibility, acceptability and vulnerability.

Explain streaming video, Streaming Video: The Job Market for Graduates DQ V...

Streaming Video: The Job Market for Graduates DQ Video Document Discussion Topic What is your opinion of the interviewing tips given in the video? Which tips of your own would you

Explain members have to perform for a team to be effective, Consider the va...

Consider the various roles members have to perform for a team to be effective. Which roles would play to your strengths and which to your weaknesses?

Explain how many records can be stored per track, 1. Given: a block address...

1. Given: a block addressable disk drive with 4,200 bytes per track and overhead 50 bytes per block. A le contains 50 byte records. How many records can be stored per track if the

Explain what are some types of software that can help, What are some types ...

What are some types of software that can help us protect employee information? How does this software interact with our current HR technology? Explain from a conceptual stand

Explain items selected from a population is called, A subset of items selec...

A subset of items selected from a population is called which of the following? Sample Statistic Census Parameter

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd