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

Describe potential key changes in communications, Discuss potential key cha...

Discuss potential key changes in technology, communications, and competition that Sigma will face in the future. Which will have the most impact on Sigma%u2019s future marketing st

What are the various managing inventory tools, Q. What are the various mana...

Q. What are the various managing inventory tools? Raw material Materials and elements used to assemble or manufacture finished goods. Work-in-progress Incomplete f

Describe switch read in order to find the mac address, What part of a packe...

What part of a packet does a switch read in order to find the MAC address?

Explain line and staff organisation, Explain Line and Staff Organisation. ...

Explain Line and Staff Organisation. Line and Staff Organisation: When the industry grew in size and complicated, the line executives could not perform appropriately all othe

Explain the factors affecting motivation, Explain the factors affecting mot...

Explain the factors affecting motivation . Factors influencing motivation: Achievement-Personal satisfaction in problem solving and job completion. Advancement-Promot

Explain skills associated with effective project manage, Determine which of...

Determine which of the eight traits or skills associated with being an effective project manager would be the most effective when managing a group of newly hired engineers. Justify

Define if its compensation was externally competitive, How might a company ...

How might a company determine if its compensation was externally competitive?

Explain formal communication chain effective, Most organizations possess so...

Most organizations possess some formal organizational chart showing the established lines of authority and the division of labour. Generally, formal processes of communication are

Explain how they demonstrate their leadership characteristic, Provide two e...

Provide two examples of current leaders and describe how they demonstrate their leadership characteristic. What separate these characteristics from management techniques? How effec

Explain difference is the mean value of the paired, If you are interested i...

If you are interested in estimating the difference between the means of two samples that have been paired, the point estimate for this difference is the mean value of the paired di

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