The production process is the process of assembling items into finished products. There are two main types of production approaches: make to stock and make to order. In the make to order approach, the production of a good is the result of a customer placing the order. In the make to stock approach, the production process occurs when inventory levels fall below a certain threshold, even if there is no customer order.<\/p>\n
A make to stock approach can enable cost efficiencies by allowing companies to buy materials in bulk, but it also requires careful demand planning for a product. If demands for a product are over-estimated, there will be a lot of finished goods inventory sitting on the shelf, and if the demand for a product is underestimated, then customers will be unable to buy the product at that given time.<\/p>\n
With the make to order approach, a company doesn\u2019t have to carefully plan the demand for a finished good, but needs to plan out the purchasing or raw materials. The make to order approach enables the personalization of goods, whereas the make to stock approach doesn\u2019t.<\/p>\n","protected":false},"excerpt":{"rendered":"
The production process is the process of assembling items into finished products. There are two main types of production approaches: make to stock and make to order. In the make to order approach, the production of a good is the result of a customer placing the order. In the make to stock approach, the production … Continue reading Make to Stock vs Make to Order<\/span><\/a><\/p>\n","protected":false},"author":1713,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-318","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"rayanrao","author_link":"https:\/\/blogs.scu.edu\/erpsystems\/author\/rayanrao\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"The production process is the process of assembling items into finished products. There are two main types of production approaches: make to stock and make to order. In the make to order approach, the production of a good is the result of a customer placing the order. In the make to stock approach, the production…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/users\/1713"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/comments?post=318"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/318\/revisions"}],"predecessor-version":[{"id":319,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/318\/revisions\/319"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/media?parent=318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/categories?post=318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/tags?post=318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}