Examlex
When planning an EC project,planners must first consider:
Make-to-order
A production strategy where goods are only manufactured after receiving a customer's order, allowing for customization.
Make-to-stock
A production strategy where items are produced in large quantities and stockpiled for sale in anticipation of customer demand.
Procurement
The process of obtaining goods and services, including all activities from the identification of needs through to the receipt and approval of items.
Production
The process of creating goods and services from various resources.
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