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Make to Plan (MTP) is a manufacturing strategy where production is based on forecasts and planned demand rather than actual customer orders. This approach involves creating a detailed production schedule to meet anticipated demand, allowing for efficient resource allocation and inventory management. MTP helps organizations maintain optimal inventory levels, reduce lead times, and improve overall operational efficiency. However, it also carries the risk of overproduction or stockouts if demand forecasts are inaccurate.

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AnswerBot

1w ago

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