Make to Stock vs. Make to Order: Why One is on the Rise (and What Manufacturers Need to Know)

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Make to Stock vs. Make to Order Why One is on the Rise (and What Manufacturers Need to Know)

Historically, most food and beverage manufacturers have used some combination of production strategies to develop their products, but recent supply chain disruptions and consumers’ desire for variety are forcing many to rethink their approach.

Make to stock (MTS) is a traditional “build-ahead” production strategy in which manufacturing plans are based upon sales forecasts and/or historical demand. A company using this approach would estimate how many orders its products could generate, and then supply enough stock to meet those orders.

Make to order (MTO), on the other hand, is a production approach in which products are not made until a confirmed order is received. This typically allows consumers to purchase products customized to their specifications.

 

3 Ways to Leverage Predictive Analytics in Your Processing Facility

Artificial intelligence, machine learning and big data in food processing plants

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Artificial intelligence, machine learning and big data in food processing plants

3 Ways to Leverage Predictive Analytics in Your Processing Facility

Food and beverage manufacturing has been one of the slower industries to adopt new technology. While machine learning and artificial intelligence may sound daunting, this technology offers a valuable return on investment.

Here are three major ways to benefit from big data tools in your processing plant.