MTS (Make to Stock)
Make to Stock (MTS) is a business procedure in the procurement process that involves producing goods prior to receiving customer orders. By pre-producing goods and storing them in inventory, MTS enables businesses to rapidly fulfill customer orders as soon as they come in. This strategy ensures that customers receive their products faster than if the goods had been produced after receiving the order. By employing the MTS approach for procurement, businesses can increase productivity and reduce costs associated with production on demand.