The Benefits of Contract Manufacturing Explained

The Benefits of Contract Manufacturing Explained

Contract Manufacturing Overview Contract manufacturing is a business arrangement in which a company outsources the production of parts, components, or finished goods to a third-party manufacturer. The hiring company typically provides a design, prototype, or technical...
The Make-To-Order (MTO) Strategy Explained

The Make-To-Order (MTO) Strategy Explained

Make-To-Order (MTO) is a manufacturing and production strategy in which products are only manufactured or assembled once a customer places an order. In this approach, companies do not produce goods in advance and keep them in inventory; instead, they wait for a...