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Statements

Subject Item
n2:RIV%2F61989100%3A27360%2F11%3A86081886%21RIV12-MSM-27360___
rdf:type
n7:Vysledek skos:Concept
dcterms:description
Make to Stock (MTS) production and inventory planning and control policy means finished goods are produced based on forecast and the customer buys from the finished goods inventory. Otherwise, Make to Order (MTO) policy is used. Thanks to its specific character, metallurgical production is considered to be a typical representative using MTO policy. The main problem of application of MTS policy in metallurgical companies is the wide range of produced assortment and high value of the final products. Strengthening competition and increasing requirements of customers however, especially in the periods of recession, force metallurgical companies to consider more and more often whether to transfer to MTS policy for selected assortment. The objective of this article is to define the possible utilization of MTS policy in metallurgical industry. This is the reason why the article identifies the factors which should be taken into account during MTS decision making in metallurgical companies, and it summarizes the current trends in this sphere. The final decision between MTS or MTO should be the outcome of a detailed analysis of advantages and disadvantages of both approaches. Dynamic simulation is seen as a tool which can significantly support this analysis. The possible utilization of dynamic simulation in this area is illustrated on an example of decision making concerning the increase of share of MTS in metal cloth production. Make to Stock (MTS) production and inventory planning and control policy means finished goods are produced based on forecast and the customer buys from the finished goods inventory. Otherwise, Make to Order (MTO) policy is used. Thanks to its specific character, metallurgical production is considered to be a typical representative using MTO policy. The main problem of application of MTS policy in metallurgical companies is the wide range of produced assortment and high value of the final products. Strengthening competition and increasing requirements of customers however, especially in the periods of recession, force metallurgical companies to consider more and more often whether to transfer to MTS policy for selected assortment. The objective of this article is to define the possible utilization of MTS policy in metallurgical industry. This is the reason why the article identifies the factors which should be taken into account during MTS decision making in metallurgical companies, and it summarizes the current trends in this sphere. The final decision between MTS or MTO should be the outcome of a detailed analysis of advantages and disadvantages of both approaches. Dynamic simulation is seen as a tool which can significantly support this analysis. The possible utilization of dynamic simulation in this area is illustrated on an example of decision making concerning the increase of share of MTS in metal cloth production.
dcterms:title
Make to Stock decision making in metallurgical companies Make to Stock decision making in metallurgical companies
skos:prefLabel
Make to Stock decision making in metallurgical companies Make to Stock decision making in metallurgical companies
skos:notation
RIV/61989100:27360/11:86081886!RIV12-MSM-27360___
n7:predkladatel
n20:orjk%3A27360
n3:aktivita
n10:S n10:Z
n3:aktivity
S, Z(MSM6198910015)
n3:dodaniDat
n13:2012
n3:domaciTvurceVysledku
n11:9334130
n3:druhVysledku
n15:D
n3:duvernostUdaju
n21:S
n3:entitaPredkladatele
n6:predkladatel
n3:idSjednocenehoVysledku
210306
n3:idVysledku
RIV/61989100:27360/11:86081886
n3:jazykVysledku
n14:eng
n3:klicovaSlova
metal cloth production; metallurgical company; Make to Order; Make to Stock
n3:klicoveSlovo
n4:Make%20to%20Order n4:Make%20to%20Stock n4:metal%20cloth%20production n4:metallurgical%20company
n3:kontrolniKodProRIV
[B8F0F46E3E5D]
n3:mistoKonaniAkce
Brno
n3:mistoVydani
Ostrava
n3:nazevZdroje
20th Anniversary International Conference on Metallurgy and Materials: METAL 2011
n3:obor
n22:AE
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
2
n3:rokUplatneniVysledku
n13:2011
n3:tvurceVysledku
TvrdoĊˆ, Leo Lenort, Radim
n3:typAkce
n19:WRD
n3:zahajeniAkce
2011-05-18+02:00
n3:zamer
n9:MSM6198910015
s:numberOfPages
6
n12:hasPublisher
Tanger s.r.o.
n17:isbn
978-80-87294-24-6
n18:organizacniJednotka
27360