33:799:300 Lecture 10: Operations Management

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Companies must develop a manufacturing strategy that suits the types of products that they p(cid:396)odu(cid:272)e, thei(cid:396) (cid:272)usto(cid:373)e(cid:396)"s e(cid:454)pe(cid:272)tatio(cid:374)s, a(cid:374)d thei(cid:396) st(cid:396)e(cid:374)gths. Manufacturing strategies can vary significantly depending on the product and or the customer requirements. De(cid:448)elopi(cid:374)g a (cid:373)a(cid:374)ufa(cid:272)tu(cid:396)i(cid:374)g st(cid:396)ateg(cid:455) that suits a (cid:272)o(cid:373)pa(cid:374)(cid:455)"s st(cid:396)engths is essential for establishing and maintaining an effective supply chain: make to stock. To manufacture products for stock based on demand forecasts, which is a push system. features economies of scale, large volumes, long production runs, low variety and. One issue of mts is to avoid having excess inventory. Ato strategy requires that the basic parts for the product are already. Hybrid strategy between a mts strategy and where products are fully. Once an order is received the parts are assembled quickly and sent to the. Manufacturing strategy where products ordered by customers are produced quickly multiple distribution channels.

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