Production - Definition & Meaning Explanation

You will get ...

• Importance of manufacturing
  
• Definition of production
  
• Production explanation
  

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A few random posts...

• Medium-term financing
  
• Short-term financing
  
• Capital formation

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production

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Manufacturing: In general, manufacturing refers to the process of making a product .

Making something is also considered as production. But in reality man cannot create anything. You can change the shape of an object and create new values. To create such standards, they take certain steps. Hence, the added value in various processes is referred to as production.

For example, you have to cut wood and turn it into furniture. Whatever process is done, the whole process is called furniture making. The process by which soap is made in this way is called soap making.

Production, therefore, is the process of all the stages involved in creating a product that adds new value to the processed raw materials.

Complete control of the production process from start to finish is called production management . The production manager who manages the entire production department is referred to as the manager.

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