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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.
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the globalization and geographic dispersion of operations
Sample Mean Chart - Control Charts for Variables This figure depicts a typical means chart, on which sample means would be progressively plotted, left to right. Two sets of c
1. Identify products which you would expect to be produced by each of the following configurations: project, job shop, and batch and continuous. Answer: Many possible answers:
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