Topics: manufacturing, analytics, workload, manufacturing technology, manufacturing process, operations scheduling, lot for lot, manufacturing trends, manufacturing planning and control, make to order
Within manufacturing, there are two methods of dealing with inventory: having a substantial amount - or none at all. Now, choosing which way to deal with inventory could be a bit simplistic or a complex process. Therefore, you should ask yourself a few questions before determining whether you should be a make-to-order operation or a make-to-stock operation.
How long does it take to produce your product? Are your customers far away and may need extra time to ship the product to them? How costly is holding your product in a warehouse or having excess inventory? These questions are essential to ask yourself when deciding on your form of inventory control and how you are choosing to deal with it. Within this blog, we will draw an emphasis on make-to-order and how it may be the most beneficial option for your operation. Therefore, here is a brief explanation of what exactly make to order is and how the advantages and disadvantages associated with the methodology.
Make-to-order pertains to fulfilling orders when the consumer requests them. Depending on the industry and the product you are looking for, make-to-order will usually enable the customer to make variations and customizations based on what they want due to the advantage of not being produced yet. This is generally conducted through a well-organized business that has the materials and components on-site ready, allowing manufacturing to begin and not be delayed. Make-to-order products exist underneath a pull system.
The advantages of made to order include the following:
The disadvantages of make to stock include the following:
A software that can aid in implementing processes about make-to-order includes PlanetTogether’s Advanced Planning and Scheduling (APS) Software. APS Software has become an integral component of manufacturing operations seeking to enhance operational efficiency and ultimately reduce waste, increase profitability, and take their process to the next level. Therefore, PlanetTogether’s Advanced Planning and Scheduling (APS) Software is a must for manufacturing facilities seeking to enhance their operation.
Advanced Planning and Scheduling (APS) software has become a must for modern-day manufacturing operations due to customer demand for increased product mix, fast delivery, and downward cost pressures. APS can be quickly integrated with ERP/MRP software to fill gaps where these systems lack planning and scheduling flexibility and accuracy. Advanced Planning and Scheduling (APS) helps planners save time while providing greater agility in updating ever-changing priorities, production schedules, and inventory plans.
Implementation of Advanced Planning and Scheduling (APS) software will take your manufacturing operations to the next level of production efficiency, taking advantage of the operational data you already have in your ERP.
Topics: manufacturing, analytics, workload, manufacturing technology, manufacturing process, operations scheduling, lot for lot, manufacturing trends, manufacturing planning and control, make to order
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