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Friday, July 10, 2009
What is Manufacturing-
Manufacturing now involves making products from raw materials by using various kinds of machines to carry out a variety of operations in a well-organized and coordinated manner. Manufacturing, in a broad sense, is the process of conversion of raw materials into final products. Here, product means something that is produced to satisfy human needs. Manufacturing therefore implies creating value by applying useful mental and physical labour. Fundamentally, manufacturing may be considered to be a process of technological transformation of a set of input elements into set of output elements whereby the utility of the product is increased. The technological transformation is optimized by considering both input and output elements as variables. The criteria for optimization could be increased utility or enhanced productivity. Utility may be evaluated in terms of revenue or profit, while productivity may be evaluated in terms of the number of pieces produced per unit time.
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