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The industry has long worked upon this model and has achieved a fair bit of precision in estimating demand. However, in the last decade and half, the manufacturing has been slightly tweaked to produce goods as and when and as and how the customers want it. As of today, most of operations management research characterizes production on system as either Build to Order (BTO) or Build to Forecast (BTF). The former typically offers customer-specific and more expensive products, wherein the focus is on order execution. The main performance measures are average response time, average order delay etc and the priority is shorter delivery lead-time...
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