When We Use a Make-To-Stock Production Process We Base Our

question 25

True/False

When we use a make-to-stock production process we base our production on forecast values.

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Definitions:

TQM

Total Quality Management, a comprehensive management approach focusing on continuous quality improvement, customer satisfaction, and involvement of all employees.

Operations Managers

Professionals responsible for overseeing the production of goods and services, focusing on improving efficiency and effectiveness in the processes.

Quality

The ability of a product or service to meet customer needs.

Costs

The expenditure incurred or the resources consumed in the process of producing goods or services or carrying out any activity.