‘Build to Order’
OR
‘Build to Forecast’?
Prepared by: Shivali Bhargava
Table of Content:
• Introduction
• Build to Forecast Model
• Build to Order Model
• Transformation of Manufacturing
• Industry examples
• Cost Benefit Analysis
• Trend
• Exhibits
Introduction:
The evolution of modern manufacturing began with the assembly line era wherein inventories sourced from varied suppliers and manufactured products at their shop floor purely on the basis of demand forecasting based on prior years sales and emerging market trends. The industry has long worked upon this model and has achieved a fair bit of precision in estimating demand. However, in the last decade and half, the manufacturing has been slightly tweaked to produce goods as and when and as and how the customers want it. As of today, most of operations management research characterizes production on system as either Build to Order......
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Approximate Word Count: 2200
Approximate Pages: 9 (260 words per double-spaced page) |