Transforming Make-to-Order Manufacturing with Future-Proof ERP Platform
In the ever-changing world of manufacturing, the Make-to-Order manufacturing (MTO) approach is a standout method that differs from traditional inventory-based strategies. Unlike manufacturers who produce goods in advance (Make-to-Stock or MTS), MTO businesses create products when customers place orders. This makes job costing a crucial factor for financial reporting and analysis.
In this blog, we’ll explore the complexities of MTO manufacturing, focusing on the challenges financial leaders encounter. Plus, we’ll showcase how a forward-looking ERP platform, like Acumatica, can bring transformative benefits to your financial processes.
The MTO Manufacturing Landscape
MTO manufacturers navigate a complex web of variables, relying on sales forecasts, historical estimate conversion rates, and customer collaboration for planning manufacturing operations. These companies often produce custom products other manufacturers use, such as machine tools, fasteners, or unique industrial machinery. With longer sales lead times and smaller volumes, MTO manufacturers are inherently more complex to manage than their MTS counterparts. Download the Make-to-order (MTO) manufacturer Multi-Modal Industry Brief to learn more about how Acumatica can streamline your financial processes. Contact us today to start the conversation.