About Manufacturing Industry
Some people often use the terms production and manufacturing interchangeably, yet there is a major distinction between them. Manufacturing is the procedure to change over the crude material to a ‘completed item’, which is tactile in nature and ‘ready for sale’. The products that can be straightforwardly sold to end client are known as manufactured products. The process of manufacturing includes several procedures to change over acquired crude material to a completed and finished item. All the procedures increase the value of material, yet at the same time, these processes also consume a specific amount of material for adding additional value to a finished product. A considerable amount of measures and planning also contribute to the manufacturing process. Generally speaking, ‘3 M’ are considered as resources in the process of manufacturing i.e. machine, men and material. Compared to manufacturing, production includes a complete different process. Production includes certain specific procedures to change over ‘contributions to yield’ i.e. ‘input to output’ in technical terms; regardless of whether the output is physically tactile or not. In most of the cases, production is known for the formation of utility. Utility may either be a product or a service. Manufacturing may be called production, but not necessarily can production be called manufacturing. In other words, the process involving transformation of ‘manufactured resources’ to completed and finished items is known as production.