In the Production Processes?
Production Consists of a Process of Turning Inputs, Such as Labor and Raw Materials, into Finished Goods or Services. Production Processes Vary and Include...
Production consists of a process of turning inputs, such as labor and raw materials, into finished goods or services. Production processes vary and include mass production, batch production, flexible manufacturing and just-in-time-production. Productivity is how much output you can get out of inputs.
What happens during the production process?
As previously stated, production involves converting inputs (natural resources, raw materials, human resources, capital) into outputs (products or services). In a manufacturing company, the inputs, the production process, and the final outputs are usually obvious.
What are the 4 categories of production processes?
- Unit or Job type of production.
- Batch type of Production.
- Mass Production or Flow production.
- Continuous production or Process production.