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 steps involved in organisation design, Explain steps involved in Or...

Explain steps involved in Organisation Design. The steps involved are:- (i) Formulate and understand the objectives and goals of the organisation and the nature of business

Explain portfolio management, Portfolio Management" Please respond to the f...

Portfolio Management" Please respond to the following: •From the e-Activity, determine what actions / changes are necessary within the organization to reach the synchronized stage

Explain setup cost is independent of order size, 1. A stock out occurs when...

1. A stock out occurs when an item that is typically stocked is not available to satisfy a demand the moment it occurs. 2. A backorder occurs when a customer order cannot be fil

Availability of raw materials , Factors responsible for plant location choi...

Factors responsible for plant location choice - Availability of Raw Materials Areas where industrial raw materials are easily available obviously exert greater pull on locatio

Line balancing, what happens if line balance doesnt exist?

what happens if line balance doesnt exist?

Why needed physicians and licensed independent practitioners, Why do you th...

Why do you think health care organizations are held accountable for ensuring the competence of their physicians and licensed independent practitioners?

Define cross-cultural communication, When referring to Cross-Cultural Commu...

When referring to Cross-Cultural Communication, what would be the best approach to dealing with a multicultural environment.

Steps in layout planning and design, Steps in Layout Planning and Design ...

Steps in Layout Planning and Design For a given product at a stated volume of production a process most appropriate must be determined. The process that is determined like any

Define how a researcher goes about determining sample size, Discuss how a r...

Discuss how a researcher goes about determining sample size. Provide specific examples to support your ideas

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