manufacture

Examples of manufacture in the following topics:

• Contract Manufacturing

  • In contract manufacturing, a hiring firm makes an agreement with the contract manufacturer to produce and ship the hiring firm's goods.
  • A contract manufacturer ("CM") is a manufacturer that enters into a contract with a firm to produce components or products for that firm .
  • In a contract manufacturing business model, the hiring firm approaches the contract manufacturer with a design or formula.
  • The company must keep in mind that the manufacturer has other customers.
  • Compare the benefits and risks of employing a contract manufacturer (CM)

• Productivity Gains in Manufacturing

  • Its manufacturing output was greater than of Germany, France, India, and Brazil combined.
  • Employment in manufacturing was its lowest since July 1950.
  • As such, returning a manufacturing operation to the United States may cost a thousand workers in a low-cost country their jobs, but it won't create a thousand new manufacturing jobs in the U.S.
  • While the United States service sector has grown, so has the manufacturing sector.
  • De Rugy's data shows an increase in manufacturing output since 1975 and a decrease in employment in the manufacturing sector.

• Types of Franchises

  • There are three major types of franchises - business format, product, and manufacturing - and each operates in a different way.
  • With product franchises, manufactures control how retail stores distribute their products.
  • Through this kind of agreement, manufacturers allow retailers to distribute their products and to use their names and trademarks.
  • Through manufacturing franchises, a franchiser grants a manufacturer the right to produce and sell goods using its name and trademark.
  • The major soft drink companies also sell the supplies to the regional manufacturing franchises.

• Six Sigma and Lean

  • Six Sigma and Lean Manufacturing are production processes that help produce minimal errors and generate the most value for the customer.
  • The term Six Sigma originated from terminology associated with manufacturing, specifically terms associated with statistical modeling of manufacturing processes.
  • The espoused goals of Lean Manufacturing differ between authors.
  • The following steps should be implemented to create the ideal lean manufacturing system:
  • Explain how Six Sigma and Lean Manufacturing optimize the manufacturing process

• Does leasing always close the manufacturing loop?

  • Sometimes a customer will purchase a leased product at the end of the lease term and never return it to the manufacturer.

• Bullwhip effect

  • Suppliers of fabric, zippers and dye see the increase in orders from the jeans manufacturer and boost their orders for raw cotton, chemicals, etc.
  • Just as end-customer demand falls, new jeans are being manufactured, and raw materials are being sent to the jeans factory.
  • When the falling end-customer demand is finally realized, manufacturers rush to slash production, cancel orders, and discount inventories.
  • Not wanting to get burned twice, manufacturers wait until finished goods jean inventories are drawn down to minimal levels.
  • When seasonal demand increases jeans purchases, the retail stores order more Open Range jeans, but the manufacturers cannot respond quickly enough.

• Classifying Business Products

  • In the case of some manufacturers, business products are their entire focus.
  • Manufactured products are those that have undergone some processing.
  • The demands for manufactured industrial goods are usually derived from the demands for ultimate consumer goods.
  • There are a number of specific types of manufactured industrial goods.
  • Parts are manufactured items that are ready to be incorporated into other products.

• Licensing

  • Licensing gives a licensee certain rights or resources to manufacture and/or market a certain product in a host country.
  • The Chinese firm can then manufacture and sell Baubles in China.
  • Licensing is a business arrangement in which one company gives another company permission to manufacture its product for a specified payment.
  • It's a fast way to generate income and grow a business, as there is no manufacturing or sales involved.
  • Loss of control of the licensee manufacture and marketing operations and practices leading to loss of quality

• Special topic: just-in-time and lean systems

  • Taiichi Ohno is credited with developing JIT and perfected it for Toyota's manufacturing plants in Japan.
  • In a manufacturing setting, there are six major ways to pursue JIT goals: inventory reduction to expose waste, use of a "demand-pull" production system, quick setups to reduce lot sizes, uniform plant loading, flexible resources, and cellular flow layouts.

• Resource extension is not just for manufacturers

  • Extending resources to maximize revenues can be applied in almost any setting not just manufacturing – for the simple reason that the word ‘resources' doesn't only refer to ‘raw materials'.