Study of design issues in MTO and MTS systems in Automobile sector
DOI:
https://doi.org/10.51976/mzg0rd24Keywords:
Make to order, make to stock, Automobile sectorAbstract
Today's manufacturing companies must be able to react swiftly to the needs of their clients in order to succeed in the age of fierce competition, particularly in the automotive industry. These consumer demands must be met with the least amount of money spent on manufacturing, the shortest possible lead time for product launch, and superior performance compared to current market competitors. This study aims to identify design issues that an automobile company can encounter while adopting Make To Stock (MTS) or Make To Order (MTO) strategies. The review identified factors like Base Stock Level, Inventory and production policy, Inventory cost, admission control decisions, scheduling, sequencing decisions and lead times. Careful planning and execution of these problems enables the producer to focus on implementing either MTS or MTO in automobile sector.
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