Make to Stock

Parent Category: Compiere

Make to Stock

Compiere works well in a MTS environment. The system of production is straight forward and it is simple to set up the routing and assembly stations. Material and service resources are at hand and the production is stable.

MTS' A traditional production strategy used by businesses to match production with consumer demand forecasts. The make-to-stock (MTS) method forecasts demand to determine how much stock should be produced. If demand for the product can be accurately forecasted, the MTS strategy can be an efficient choice. The main drawback to the make-to-stock (MTS) method is that it relies heavily on the accuracy of demand forecasts. Inaccurate forecasts will lead to losses stemming from excessive inventory or stockouts.

Therefore, the main theme of business management is how to predict the future based on the demand fluctuation cycle of the past. In specific, the development of a production/inventory management system is needed to improve management efficiency by, for example, setting safety stock, optimal production, and ordering points based on lead times of material procurement, production, and delivery as well as demand forecasts. If demand can be accurately forecasted to some extent then there is no problem in creating a forecast production schedule.

MTS (Make to Stock) is like a train schedule (supply schedule) for which the number of passengers (forecast demand) for each time period can be prospected from the past data. Compiere allows forecasting. Most of daily necessities such as processed foods, sundries, and textiles are MTS-type products and quick response to consumers' needs (i.e. filling retailer's inventory) will minimize opportunity loss.

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