Manufacturing Changes as SKUs and Customer Demand Increase
The Forecast Errors newsletter reported in the past, companies focused on batch-oriented manufacturing; today, it is more demand-oriented manufacturing. The older model was easier to produce anywhere in the world, and through a distribution model, pump it directly into the market. That has changed to the extent where companies are not dealing with a limited set of SKUs. Now the use of SKUs is so huge and so wide in variety that it is impossible for a company to stock...
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