What’s it: The manufacturing process is the work steps and actions involved in converting inputs into outputs. Inputs can be raw materials, semi-finished goods, or components. Meanwhile, the output can be finished or semi-finished goods.
Production
Production: Meaning, and Methods
What's it: Production is the process of creating goods and services using resources. It adds value if the output value exceeds the input used value. In broader terms, it is an organized process of adding value to goods and services. For
Specialization: Definition, Importance, How it Works, Pros, Cons
What's it: Specialization means focusing on a specific aspect of something bigger. It can be related to a product, task, job, or skill. For example, when a company specializes in a particular product, it focuses on a few goods rather than