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Manufacturing

Manufacturing is the use of tools, machines and labor to produce goods for sale or use. It may refer to various human activities ranging from handicraft to high tech, but is most commonly applied to industrial production where raw materials are transformed into finished goods.

8,256 Questions

RWhat are some of the products manufactured in the gum and wood chemicals industry?

Turpentine, for example, is extracted from pine gum and pine wood. Numerous oils and finishes can also be obtained from pine or other woods, as can many dyes, fuels, and resins.

What are the pros and cons of relocating midsized manufacturing firm from USA to Mexico?

Pros: For most manufactured products, by far the largest costs associated are labor costs. Relocation is better for the American consumer, as cheaper labor costs allow for cheaper prices: a Mexican worker earns on average a quarter of what an American does.

Cons: It however, is a problem for the American worker, as it means he is losing his job to a foreign worker.

This trend is called off-shoring and has become a pretty common occurrence for the last 10-20 years.

Can a manufacturer sell to anybody?

It depends on where they are and what they're selling. If they are selling something dangerous or otherwise regulated, then those regulations will say who can be a customer.

What Is 'buffer stock market'?

Buffer Stock is a stock held to reduce the negative effects (stock-out costs) of an unusually large usage of stock.

Buffer stock schemes seek to stabilize the market price of products by buying up supplies of the product when stocks are plentiful and selling stocks of the product onto the market when supplies are low.

In theory buffer stock schemes should be profit making, since they buy up stocks of the product when the price is low and sell them onto the market when the price is high. However, they do not often work well in practice. Clearly, perishable items cannot be stored for long periods of time and can therefore be immediately ruled out of buffer stock schemes. Setting up a buffer stock scheme also requires a significant amount of start up capital, since money is needed to buy up the product when prices are low. There are also high administrative and storage costs to be considered.

The success of a buffer stock scheme however ultimately depends on its ability to correctly estimate the average price of the product over a period of time. This estimate is the scheme's target price and obviously determines the maximum and minimum price boundaries. But if the target price is significantly above the correct average price then the organisation will find itself buying more produce than it is selling and it will eventually run out of money. The price of the product will then crash as the excess stocks built up by the organisation are dumped onto the market. Conversely if the target price is too low then the organisation will often find the price rising above the boundary, it will end up selling more than it is buying and will eventually run out of stocks.

Do employers want to hear that you like working as part of a team or by yourself?

Say you prefer, and work efficiently in both environments. However, you can appreciate the fact that even when you are working on an individual project, the end product will impact the team and organization as a whole. Because of that, you always work for the best interest of the team. As for working individually mention that you are self motivated and work well with deadlines. Things like that. Hope that helps! :) Good luck! If you prefer working alone, look for jobs that allow you to work alone. If you prefer to work with other people, look for jobs that allow you to work with other people.

Interview question Give you an example of a time when you had to think out of the box?

There are many examples you could give for when you have had to think out of the box. You may have had to make a meal for someone who is picky for example.

How can you make a homemade Christmas tree preservative?

* 1 gallon hot water * 2 c. Karo syrup * 4 tsp. Clorox bleach * 6 iron tablets, crushed & dissolved This will keep the tree soft and fragrant for weeks. The bleach is for keeping the mold at bay. I've used this for years and it outperforms the commercial stuff by a mile Merry Christmas!!! Phil

What are the advantages in viewing manufacturing as a system?

Manufacturing is what it is, regardless what you call it. But as far as words go, and their Definitions, A system is prone to Failures, whereas a Method, is a strict set of operational rules, whereas a Process is a means to a end. So Manufacturing is a Process, not a System, and not a Method, lest you consider the Process, the Method for Manufacturing. And in the End, perhaps it's all three.

What is variable costing method?

method in which the costs to be inventoriedinclude only the variablemanufacturing costs. Fixed factory overhead is treated as a period cost-it is deducted along with the selling and administrative expenses in the period incurred. That is, Direct materials $xx Direct labor xx Variable factory overhead xx Product cost $xx Fixed factory overhead is treated as a period expense. Variable costing is used for internal management only. Its uses include: (1) inventory valuation and income determination; (2) relevant cost analysis; (3) break-even analysis and Cost-Volume-Profit (CVP) Analysis ; and (4) short-term decision-making. Variable costing is, however, not acceptable for external reporting or income tax reporting. Companies that use variable costing for internal reporting must convert to absorption costing for external reporting. Under absorption costing, the cost to be inventoried includes all manufacturing costs, both variable and fixed. Nonmanufacturing (operating) expenses, i.e., selling and administrative expenses, are treated as period expenses and thus are charged against the current revenue. Direct materials $xx Direct labor xx Variable factory overhead xx Fixed factory overhead xx Product cost $xx Two important facts are noted: 1. Effects of the two costing methods on net income: (a) When production exceeds sales, a larger net income will be reported under absorption costing. (b) When sales exceed production, a arger net income will be reported under direct costing. (c) When sales and production are equal, net income will be the same under both methods. 2. Reconciliation of the direct and absorption costing net income figures: (a) The difference in net income can be reconciled as follows: (b) the above formula works only if the fixed overhead rate per unit does not change between the periods.

What is Guggenheim money?

The $4,700,000 John Simon Guggenheim Memorial Foundation, endowed in 1925 by Mining Tycoon Simon Guggenheim.

Is there anywhere in the RaleighDurham NC area offering free training in Six Sigma or Lean?

There are many online Training companies, I suggest after you get training to have some hands on help to guide you through this complex methodology. Here is aA complete Six Sigma Mentoring System. This is going to be the industry standard in driving Lean Six Sigma projects. Voice guided with instructions how and where to. Has Continuous training as it walks you through the DMAIC methodology, does statistical analysis, reports and tracks the whole project. No limits to amount of projects, users or capabilities. We will custom tailor to your companies operating applications. This is 1/5 the price of the leading industry software with everything they do not offer in training and analysis. Call 713-436-6941 A demonstration is a must. http://www.dbar-innovations.com I have you covered, don't even leave your office. http://www.leansigmamart.com These people offer the most incredible package I have had a chance work with. Live Training with a real person right from your own computer. Knowledge is deep; class is very easy to learn from. 14 week class for ONLY $999.00 that's $72.00 per week. You will get a free software package worth $1475.00 that has six sigma templates, analysis mentoring, and DMAIC mentoring. WOW!

What is Chicago Aerial Industries Inc?

Goodrich ISR Systems - 2009 to Presentaircraft gunsiteRecon/Optical, Inc. 1922 to 2009Chicago Aerial Industries

Chicago Aerial Industries (CAI) is the principal provider of end-to-end intelligence, surveillance and reconnaissance (ISR) systems, including digital airborne cameras, software design, data fusion, and ground-based image exploitation systems.

The above description is current (June 2007) and was found while searching for the manufacturor of a gunsite built for a particular military aircraft (1967 vintage Cessna O-2A ). Shown below is the nomenclature tag and a full view. (watch not included, of course.) Click on photos.

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Disadvantages of peer to peer network in the manufacturing industry?

peer to peer networks can not be used if there are more than 25 computer,it doesn't have the centralized database

What is the significance of foreign exchange rate?

Foreign Exchange student programs are important to a country because it gives students opportunities that might not exist in their home country. Foreign Exchange of currency is important for the tourist industry and the trade industry.

What is the importance of material management generally?

Material Management is all about purchashing mix. It involves the the procurment of material of in store and and the ability to know the total number of available goods that are to be issued out on request. All the functions are primarily carried out by the store manager whose mission is to ensure that goods are not below average as to satisfy the demands of customers.

The primary and general importance of material management is to ensure that he/she streamlined the issues/demand/sales of the company as to enable him/her to be aware of when the management is short goods and will not go to the extemt of making use of their buffer stock.

Is direct labor a product cost or period cost?

Direct labor is a product cost because without labor no product can be produce and it has direct relation with production of goods.

Why do magnets stick to stainless revolvers?

This has got to do with the amount of Chrome in the alloy used to make the revolver.

With a lot of chrome in the alloy, the bonds between chrome and iron would not allow for magnetic interaction.

Most stainless steel is magnetic though if one just applies a strong enough magnetic force.

regards.