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Build to Order (BTO: sometimes referred to as Make to Order or Made to Order (MTO)) is a production approach where products are not built until a confirmed order for products is received. Thus, the end consumer determines the time and number of produced products. [ 1 ]
Build to stock, or make to stock, often abbreviated as BTS or MTS, is a build-ahead production approach in which production plans may be based upon sales forecasts and/or historical demand. [1] BTS is usually associated with the industrial revolution mass production techniques, where in anticipation of demand vast quantities of goods are ...
supports build to order without the necessity of using many pre-assembled components; creation of value caused by assembly takes place mainly at the end of the production flow. allows an unachieved level of product individualization; Consequently, boutique manufacturing closes the gap between piece production and small batch/low volume production.
Lean manufacturing is a method of manufacturing goods aimed primarily at reducing times within the production system ... (or "build-to-order" rather than target ...
However, because of the subtle difference between pull production and make-to-order production, a more accurate name for this may be the customer order decoupling point. An example of this is Dell's build to order supply chain. Inventory levels of individual components are determined by forecasting general demand, but final assembly is in ...
Image source: Getty Images. 1. A company betting (almost) all its chips on AI. Semiconductors are the brains behind AI, with the most advanced processors able to train new AI models to be smarter ...