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quoting

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A labeled diagram of six stages from inquiry through cash for made-to-spec production, marking the quote stage as the point where substrate, tooling, run rate, waste allowance, price, and delivery date are all committed at once.

In Made-to-Spec Production, the Quote Is the Only Place the Margin Is Decided

Paper converters hold 51.7 percent of inventory as raw material against 41.5 percent for food manufacturers. That inversion traces back to the front of the process, where the specification, the price, and the schedule are all set at once.
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A curve showing dollars held outside production for every dollar in work in process, rising sharply as the work in process share falls, marked at the paper products figure of 10.4 percent where the ratio is 8.6 to one.

Paper Converters Hold Half Their Inventory in Raw Material and a Tenth in Production

Census data puts 51.7 percent of paper products inventory in materials and supplies against 10.4 percent in work in process. For made-to-spec production, that ratio is a statement about what happens before a job reaches the floor.
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