Commonly, manufacturing happens on a huge-scale production line of skilled labor and machinery. Manufacturing makes items from raw materials through the utilization of machinery or manual labor and this process is commonly carried out methodically with some division of labor.
When it is asked to mention in a limited sense then manufacturing does denote the assembly or fabrication of constituents into finished items on a large scale. Amongst the highly important manufacturing industries, some tend to be those that create automobiles, aircraft, clothing, chemicals, consumer electronics, computers, heavy machinery, furniture, refined products of petroleum, dyes, tools, steel, ships, etc.
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Kinds of the Manufacturing Process
Manufacturing is considered a highly simple business as here; the owners purchase the component parts or raw materials for manufacturing finished items. For functioning in the form of a business, manufacturers need to meet demands, cover costs, and make products for supplying the market. Factories operate one of the 3 kinds of manufacturing production and they are:
MTS (Make-To-Stock) – Factories product goods for stocking showrooms and stores. When the market is predicted, then the manufacturers do plan productivity activities. Now, if they create too much then they might be required to sell the surplus amount at a loss. And if they produce very little, then they end up missing the market and they also do not get sufficient for covering costs.
MTA or Make-To-Assemble – A factory produces constituent parts according to the orders for assembly and when it does this, then the manufacturer becomes prepared for fulfilling the orders of the customers. When orders don’t materialize then the producer keeps a stock of undesired parts.
MTO or Make-To-Order – The producers wait for orders before the manufacturing stock. It is easier to control inventory and the owner doesn’t require depending largely on market demand. Here, the customer waiting time is lengthier and the manufacturers need a continuous stream of orders for keeping the factory in production.