I am looking for differences between routing and rate routing from the business perspective.
I know the following :
1. Routings are normally used for Production scenarios while rate routings for repetitive mfg. like car assembly.
2. Rate routings can't have an alternative sequence.
But I am not able to find more documentation on this.
Does anyone has additional inputs ? How exactly is rate routing used in the industry? What are the benefits of using rate routings over routings ?