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 multinational business and the role of corruption, I am brainstormi...

I am brainstorming ideas and topics for possible use to launch my dissertation for my PhD in management. My current topic under consideration is: Multinational business and the rol

AP2, Play now? Play later? You can become a millionaire! That''s what the...

Play now? Play later? You can become a millionaire! That''s what the junk mail said. But then there was the fine print: If you act before midnight tonight, then here are you cha

MB 0044 - Production and Operation Management, What do you understand by “l...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

Explain how much should the father deposit, On the day his son was born, a ...

On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th b

Explain close the gap between management and employees, Identify what HR m...

Identify what HR mechanisms can be introduced in the international firm today to build a strategic business partnership, close the gap between management and employees while bui

Marketers position and distinguish their company’s products, How do markete...

How do marketers position and differentiate their company's products/services relative to competition?

Explain income levels and income distribution among nations, How do differe...

How do differences in income levels and income distribution among nations affect international businesses?

Sequencing problem, It is Monday 3rd of June and Sarah is delighted that at...

It is Monday 3rd of June and Sarah is delighted that at the end of last week her staff managed to finish all the outstanding jobs. Sarah is in charge of a proofreading department a

Explain analysis in determining project risk, Evaluate the use of statistic...

Evaluate the use of statistical analysis in determining project risk and how it might be applied to the human factors of a project

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