What is ‘Manufacturing Production’
Manufacturing production is the creation and assembly of components and finished products for sale. Three common types of manufacturing production are make-to-stock (MTS), make-to-order (MTO) and make-to-assemble (MTA).
Explaining ‘Manufacturing Production’
The MTS strategy is based on demand forecasts, so it makes the most sense when demand can be predicted with reasonable accuracy. Companies can lose money with this strategy if they manufacture too much or too little.
Further Reading
- Lean manufacturing, non‐financial performance measures, and financial performance – www.emerald.com [PDF]
- Manufacturing growth and financial development: evidence from OECD countries – www.mitpressjournals.org [PDF]
- Finance theory and financial strategy – pubsonline.informs.org [PDF]
- Coordinating investment, production, and subcontracting – pubsonline.informs.org [PDF]
- Macroeconomic variables and the productivity of the manufacturing sector in Nigeria: A static analysis approach – ir.unilag.edu.ng [PDF]
- The relationship between manufacturing production and goods output – papers.ssrn.com [PDF]
- Conversion economics of forest biomaterials: risk and financial analysis of CNC manufacturing – onlinelibrary.wiley.com [PDF]
- Impact of lean manufacturing and environmental management on business performance: An empirical study of manufacturing firms – www.sciencedirect.com [PDF]
