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There's no such thing as a manufacturing firm. However, there's manufacturing factories. These factories work to convert raw materials into edible and finished goods.
Value adding.
Manufacturing specifications define the processes and methods necessary to produce a given product; including converting raw materials, components, or parts into WIPs (work-in-process) or finished goods.
Primary Manufacturing is taking raw materials (from Primary Industry) and using them to make industrial materials. Then, these would go under another process called Secondary Manufacturing that uses these products and turn them into finished goods.Ex: trees > wood > lumber > chair
here are a couple of flussies
Manufacturing
manufacturing
manufacturing is to make or process a raw material into a finished product to manufacture is the act or process of producing something so there is no difference just that manufacturing is a verb & manufacture is a noun
There's no such thing as a manufacturing firm. However, there's manufacturing factories. These factories work to convert raw materials into edible and finished goods.
Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.
WIP is Work in Progress/Process. Not raw material or finished goods but in between.
A company that receives raw materials, then processes these materials in a manufacturing process that produces a finished product. Picture an automobile assembly line.
Value adding.
Mass production of interchangeable parts
During the manufacturing process, once the product is finished, a quality control process is usually followed where defects are detected--hence defect detection.
manufacturing business
manufacturing process of kettle