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The three types of manufacturing are:
- Make to stock (MTS): Products are manufactured based on demand forecasts.
- Make to order (MTO): Products are manufactured only when a customer places an order.
- Make to assemble (MTA): A company manufactures a stock of components but only assembles them into products when a customer places an order.
www.netsuite.com/portal/resource/articles/inventory-management/manufacturin…- People also ask
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Manufacturing: Definition, Types, Examples, and Use as Indicator
- Make to Stock
A traditional production technique is make-to-stock, the manufacturing of a standard product based on forecastdemand. A company estimates how many units will be sold over a given period of time and plans in advance to manufacture that many goods. Goods are often held as inventor… - Make to Order
Opposite of MTS, make-to-order manufacturing entails working directly with a customer to understand their need and desired product specifications. Manufacturing typically only starts after a signed contract or letter of intent. In addition, manufacturers may generate light prototypes bu…
- Published: Mar 23, 2017
- Make to Stock
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