manufacturing
(noun)
The transformation of raw materials into finished products, usually on a large scale.
Examples of manufacturing in the following topics:
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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)
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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.
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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.
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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
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Disinvestment and Deindustrialization
- Detroit was once known for automobile manufacturing and was associated with comfortable, middle-class living.
- First, a straightforward decline in the output of manufactured goods or in employment in the manufacturing sector may indicate deindustrialization.
- This shift towards service sector employment would result a shrinking manufacturing sector.
- The decline in employment in manufacturing sectors that comes about from this progress can indicate deindustrialization.
- On the map, green areas have seen gains in manufacturing jobs while all other areas have experienced losses.
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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.
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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.
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Manufacturing
- Within a few decades, manufacturing technology had evolved further, and the ideas behind the "American System" were in use worldwide.
- Since the parts were interchangeable, it became possible to separate manufacture from assembly, which could then be carried out by semi-skilled labor on an assembly line - an example of the division of labor.
- In his Report on Manufacturers, Hamilton argued that an expansion of manufacturing (particularly of textiles) was necessary in order to produce nationally made finished goods--and thereby reduce American dependence on European products.
- Hence, for the Federalists, manufacturing was of primary importance to federal policy because it served as a breeding ground for new generations of talented, virtuous republican leaders.
- The Arsenel at Springfield was a center of manufacturing, including interchangeable parts, during the War of 1812, when US manufacturing increased due to the isolation of war.
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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.
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Inventory Types
- Most manufacturing organizations usually divide their inventory into raw materials, work in process, finished goods, and goods for sales.
- Most manufacturing organizations usually divide their inventory into raw materials, work in process, finished goods, and goods for sales.
- A good purchased as a "raw material" goes into the manufacture of a product.
- A good only partially completed during the manufacturing process is called "work in process. " When the good is completed as to manufacturing but not yet sold or distributed to the end-user, it is called a "finished good. "