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Make-to-order vs. make-to-stock the role of inventory in delivery-time competition by Lode Li

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Published by Sloan School of Management, Massachusetts Institute of Technology in Cambridge, Mass .
Written in English

Book details:

Edition Notes

Other titlesInventory in delivery-time competition, make-to-order vs. make-to-stock, the role of.
StatementLode Li.
SeriesWorking paper / Alfred P. Sloan School of Management -- #2000, Working paper (Sloan School of Management) -- 2000-88.
ContributionsSloan School of Management.
The Physical Object
Pagination26 p., [2] p. of plates :
Number of Pages26
ID Numbers
Open LibraryOL17942218M

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  MAKE TO STOCK. Okay. If “make to order” is for acrobats, then make to stock is for the fortune tellers. This is the perfect manufacturing process if you have a crystal ball and you know how to use it. Joke aside, yes, that is just what you need in order to successfully run your make-to-stock .   make-to-order vs make-to-stock manufacturing, ERP selection. While selecting or upgrading an enterprise system, production processes like Make-to-Order (MTO) and Make-to-Stock (MTS) come into play.   Make to Stock In make to stock production scenario stock is produced independently of orders because you want to provide your customers immediately with goods from that stock later on. You might even want to produce goods without having sales orders, if you expect that there might be customer demand in the future. Make-to-stock vs. make-to-order. Make to stock contrasts with make to order or MTO. MTO is a manufacturing process in which customers customize the product they want to purchase. They place the order first, with a detailed description of how they want it, and then the company manufactures it.

  Make to Order (MTO) vs. Make to Stock (MTS) Traditional production methodologies produce products and stock them as inventory until a customer buys them. This is known as make to stock . Cameron, you should write a book.:) Troy Original Message From: Cameron A. Janish To: [email protected] Sent: Thursday, Octo AM Subject: RE: [Vantage] Make to Order/Make to Stock? It is nice to see someone else that is passionate and has devoted and lot of time and thought to a subject. Not to continue you soap box, but one of the issues companies should. An illustration of an open book. Books. An illustration of two cells of a film strip. Video. An illustration of an audio speaker. Audio. An illustration of a " floppy disk. Make-to-order vs. make-to-stock: the role of inventory in delivery-time competition Item Preview remove-circle.   Intro. There are many production modes available and often the products or the market will determine which mode is required for a manufacturer. Three of the most common modes of production are Make to Stock (MTS), Make to Order (MTO) and Assemble to Order (ATO).Make to Stock is used for high volume goods, commodified products, consumables and other product types .

We study the optimality of make-to-order (MTO) versus make-to-stock (MTS) policies for a company producing multiple heterogeneous products at a shared manufacturing facility. Manufacturing times are general i.i.d. random variables, and different products may .   There are two routes available on the product for the procurement, Buy and Make to Order. The Buy route is called Make to Stock, which means, assign from the stock if available in stock or create a procurement order. According to Make to Order, just create a procurement order as and when the product is required. It means that the stock is not. The order book won’t show all the orders. Many brokerage firms maintain dark pools (also known as dark books or dark liquidity) for large clients or for their trading pools are collections of orders above or below market prices that aren’t advertised except on electronic communication networks (also known as ECNs).   Turn 1 Name:Module 2 for Week 3Lecturer:OPS JulyDescription:Turn:1Question:What is the main difference between “make-to-order” and “make-to-stock” systems?Answer:Make to stock or MTS is done when operational managers have production that allows for inventory based off of demand forecasting. Where as Make to order or MTO means orders are made upon order.