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...Build-to-Order (BTO), or Mass Customization, means redesigning your production operation to allow for custom orders to be manufactured quickly; this is a means of eliminating demand uncertainty for finished goods entirely. National Bicycle in Japan used to produce finished bicycles to inventory (Build-to-Stock):
National Bicycle then switched to a BTO model; they created a totally new production system to manufacture and sell custom bicycles, made to individual measure like a made-to-order suit. While the customer did have to wait...
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SCM103 Specifications
Rating:
4.2 / 5 (1353 ratings)Total Reading Time: Approx. 1 - 2 hours (for average readers)
Word Count: Approx. 8,400 words
Author: Dr. Warren H. Hausman
Professor of Management Science & Engineering, Stanford University
Certificate: Counts toward Fundamentals of Supply Chain Management
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Contents
- Introduction to Responsive Strategies
- Accurate Response and Risk-Based Production Planning
- Build-to-Order (BTO), or Mass Customization
- Pre-positioning and Fast NPI
- Component Commonality
- Hedging Demand Uncertainty: The Newsvendor Model
- Hedging Uncertainty, Continued
- Quantifying the Benefits of Supply Flexibility
- Supply Uncertainty
- Avoiding Supply Uncertainty
- Reducing and Hedging Supply Uncertainty
- Demand Management
- Risk Sharing
- Risk Sharing, Continued
- Risk Sharing, Continued (2)
- The Role of Software
- Conclusions
- Test Your Knowledge
- Feedback