Describe the Key Differences Between Make-To-Order, Make-To-Stock, and Assemble-To-Order Processes

question 111

Essay

Describe the key differences between make-to-order, make-to-stock, and assemble-to-order processes. Provide at least one example of each type of process.

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Definitions:

Standard Normal

A normal distribution with a mean of 0 and a standard deviation of 1.

Random Variable

A random variable represents numerical outcomes of random phenomena or experiments, varying in value based on the outcomes of the process.

Standard Normal Distribution

A probability distribution that has a mean of 0 and a standard deviation of 1, representing a bell-shaped curve.

99th Percentile

A value below which 99% of the data points in a data set fall, used as a measure of statistical distribution.