Manufacturing - Revision history

User at 13:55, 19 July 2023

2023-07-19T13:55:20Z

User at 13:51, 19 July 2023

2023-07-19T13:51:42Z

User at 01:44, 8 April 2023

2023-04-08T01:44:34Z

User at 14:09, 5 January 2023

2023-01-05T14:09:12Z

User at 14:08, 5 January 2023

2023-01-05T14:08:01Z

User at 02:53, 3 January 2023

2023-01-03T02:53:38Z

User at 12:58, 27 March 2021

2021-03-27T12:58:47Z

User at 12:57, 27 March 2021

2021-03-27T12:57:49Z

User: The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).

2021-02-06T16:57:58Z

The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).

User: Created page with "Business Dictionary defines Manufacturing as "the process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specific..."

2019-10-17T17:13:33Z

Created page with "Business Dictionary defines Manufacturing as "the process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specific..."

New page

Business Dictionary defines Manufacturing as "the process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications." Manufacturing commonly employs a man-machine setup with division of labor in a large scale production.<ref>Defining Manufacturing [http://www.businessdictionary.com/definition/manufacturing.html Business Dictionary]</ref>

Manufacturing is a very simple business; the owner buys the raw material or component parts to manufacture a finished product. To function as a business the manufacturer needs to cover costs, meet demand and make a product to supply the market. A factory operates one of three types of manufacturing production:
*Make-To-Stock (MTS) – A factory produces goods to stock stores and showrooms. By predicting the market for their goods, the manufacturer will plan production activity in advance. If they produce too much they may need to sell surplus at a loss and in producing too little they may miss the market and not sell enough to cover costs.
*Make-To-Order (MTO) – The producer waits for orders before manufacturing stock. Inventory is easier to control and the owner does not need to rely as much on market demand. Customer waiting time is longer though and the manufacturer needs a constant stream of orders to keep the factory in production.
*Make-To-Assemble (MTA) – The factory produces component parts in anticipation of orders for assembly. By doing this, the manufacturer is ready to fulfil customer orders but if orders do not materialize, the producer will have a stock of unwanted parts.<ref>Types of Manufacturing [https://www.shopify.com/encyclopedia/manufacturing Shopify]</ref>

In its earliest form, manufacturing was usually carried out by a single skilled artisan with assistants. Training was by apprenticeship. In much of the pre-industrial world, the guild system protected the privileges and trade secrets of urban artisans. In the pre-industrial world, most manufacturing occurred in rural areas, where household-based manufacturing served as a supplemental subsistence strategy to agriculture (and continues to do so in places). Entrepreneurs organized a number of manufacturing households into a single enterprise through the putting-out system. The factory system was first adopted in Britain at the beginning of the Industrial Revolution in the late 18th century and later spread around the world. The main characteristic of the factory system is the use of machinery, originally powered by water or steam and later by electricity. Increased use of economies of scale, the centralization of factories, and standardization of interchangeable parts were adopted in the American system of manufacturing in the nineteenth century. Manufacturing in the Soviet Union was based on collectivism.<ref>History and development of Manufacturing [https://en.wikipedia.org/wiki/Manufacturing Wikipedia]</ref>

← Older revision		Revision as of 13:55, 19 July 2023
Line 17:		Line 17:
	*[[Lean Manufacturing]]		*[[Lean Manufacturing]]
	*[[Additive Manufacturing (AM)]]		*[[Additive Manufacturing (AM)]]
		+	*[[Advanced Manufacturing]]

← Older revision		Revision as of 13:51, 19 July 2023
Line 16:		Line 16:
	*[[Manufacturing Operations Management (MOM)]]		*[[Manufacturing Operations Management (MOM)]]
	*[[Lean Manufacturing]]		*[[Lean Manufacturing]]
		+	*[[Additive Manufacturing (AM)]]

@@ Line 1: / Line 1: @@
-Business Dictionary defines '''Manufacturing''' as "the process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications." Manufacturing commonly employs a man-machine setup with division of labor in a large scale production.<ref>Defining Manufacturing [http://www.businessdictionary.com/definition/manufacturing.html Business Dictionary]</ref>
+Business Dictionary defines '''Manufacturing''' as "the process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications." Manufacturing commonly employs a man-machine setup with a division of labor in large-scale production.<ref>[http://www.businessdictionary.com/definition/manufacturing.html Defining Manufacturing]</ref>
-Manufacturing is a very simple business; the owner buys the raw material or component parts to manufacture a finished product. To function as a business the manufacturer needs to cover costs, meet demand and make a product to supply the market. A factory operates one of three types of manufacturing production:
+Manufacturing is a simple business; the owner buys the raw material or component parts to manufacture a finished product. To function as a business the manufacturer needs to cover costs, meet demand and make a product to supply the market. A factory operates one of three types of manufacturing production:
-*Make-To-Stock (MTS) – A factory produces goods to stock stores and showrooms. By predicting the market for their goods, the manufacturer will plan production activity in advance. If they produce too much they may need to sell surplus at a loss and in producing too little they may miss the market and not sell enough to cover costs.
+*Make-To-Stock (MTS) – A factory produces goods to stock stores and showrooms. By predicting the market for their goods, the manufacturer will plan production activity in advance. If they produce too much they may need to sell surplus at a loss, and in producing too little they may miss the market and not sell enough to cover costs.
-*Make-To-Order (MTO) – The producer waits for orders before manufacturing stock. Inventory is easier to control and the owner does not need to rely as much on market demand. Customer waiting time is longer though and the manufacturer needs a constant stream of orders to keep the factory in production.
+*Make-To-Order (MTO) – The producer waits for orders before manufacturing stock. Inventory is easier to control, and the owner does not need to rely as much on market demand. Customer waiting time is longer, though, and the manufacturer needs a constant stream of orders to keep the factory in production.
-*Make-To-Assemble (MTA) – The factory produces component parts in anticipation of orders for assembly. By doing this, the manufacturer is ready to fulfil customer orders but if orders do not materialize, the producer will have a stock of unwanted parts.<ref>Types of Manufacturing [https://www.shopify.com/encyclopedia/manufacturing Shopify]</ref>
+*Make-To-Assemble (MTA) – The factory produces component parts in anticipation of orders for assembly. By doing this, the manufacturer is ready to fulfill customer orders, but if orders do not materialize, the producer will have a stock of unwanted parts.<ref>[https://www.shopify.com/encyclopedia/manufacturing Types of Manufacturing]</ref>
-In its earliest form, manufacturing was usually carried out by a single skilled artisan with assistants. Training was by apprenticeship. In much of the pre-industrial world, the guild system protected the privileges and trade secrets of urban artisans. In the pre-industrial world, most manufacturing occurred in rural areas, where household-based manufacturing served as a supplemental subsistence strategy to agriculture (and continues to do so in places). Entrepreneurs organized a number of manufacturing households into a single enterprise through the putting-out system. The factory system was first adopted in Britain at the beginning of the Industrial Revolution in the late 18th century and later spread around the world. The main characteristic of the factory system is the use of machinery, originally powered by water or steam and later by electricity. Increased use of economies of scale, the centralization of factories, and standardization of interchangeable parts were adopted in the American system of manufacturing in the nineteenth century. Manufacturing in the Soviet Union was based on collectivism.<ref>History and development of Manufacturing [https://en.wikipedia.org/wiki/Manufacturing Wikipedia]</ref>
+In its earliest form, manufacturing was usually carried out by a single skilled artisan with assistants. The training was by apprenticeship. In much of the pre-industrial world, the guild system protected the privileges and trade secrets of urban artisans. In the pre-industrial world, most manufacturing occurred in rural areas, where household-based manufacturing served as a supplemental subsistence strategy to agriculture (and continues to do so in places). Entrepreneurs organized a number of manufacturing households into a single enterprise through the putting-out system. The factory system was first adopted in Britain at the beginning of the Industrial Revolution in the late 18th century and later spread around the world. The main characteristic of the factory system is the use of machinery, originally powered by water or steam and later by electricity. Increased use of economies of scale, the centralization of factories, and the standardization of interchangeable parts were adopted in the American system of manufacturing in the nineteenth century. Manufacturing in the Soviet Union was based on collectivism.<ref>[https://en.wikipedia.org/wiki/Manufacturing History and development of Manufacturing]</ref>
@@ Line 18: / Line 18: @@
-===References===
+== References ==
 <references/>

@@ Line 1: / Line 1: @@
-Business Dictionary defines '''Manufacturing''' as "the [[process]] of converting raw materials, components, or parts into finished goods that meet a [[customer]]'s expectations or specifications." Manufacturing commonly employs a man-machine setup with division of labor in a large scale production.<ref>Defining Manufacturing [http://www.businessdictionary.com/definition/manufacturing.html Business Dictionary]</ref>
+Business Dictionary defines '''Manufacturing''' as "the process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications." Manufacturing commonly employs a man-machine setup with division of labor in a large scale production.<ref>Defining Manufacturing [http://www.businessdictionary.com/definition/manufacturing.html Business Dictionary]</ref>
-Manufacturing is a very simple business; the owner buys the raw material or component parts to manufacture a finished [[product]]. To function as a [[Business|business]] the manufacturer needs to cover costs, meet [[demand]] and make a product to [[supply]] the [[market]]. A factory operates one of three types of manufacturing production:
+Manufacturing is a very simple business; the owner buys the raw material or component parts to manufacture a finished product. To function as a business the manufacturer needs to cover costs, meet demand and make a product to supply the market. A factory operates one of three types of manufacturing production:
 *Make-To-Stock (MTS) – A factory produces goods to stock stores and showrooms. By predicting the market for their goods, the manufacturer will plan production activity in advance. If they produce too much they may need to sell surplus at a loss and in producing too little they may miss the market and not sell enough to cover costs.
-*Make-To-Order (MTO) – The producer waits for orders before manufacturing stock. [[Inventory]] is easier to [[control]] and the owner does not need to rely as much on market demand. Customer waiting time is longer though and the manufacturer needs a constant stream of orders to keep the factory in production.
+*Make-To-Order (MTO) – The producer waits for orders before manufacturing stock. Inventory is easier to control and the owner does not need to rely as much on market demand. Customer waiting time is longer though and the manufacturer needs a constant stream of orders to keep the factory in production.
 *Make-To-Assemble (MTA) – The factory produces component parts in anticipation of orders for assembly. By doing this, the manufacturer is ready to fulfil customer orders but if orders do not materialize, the producer will have a stock of unwanted parts.<ref>Types of Manufacturing [https://www.shopify.com/encyclopedia/manufacturing Shopify]</ref>
-In its earliest form, manufacturing was usually carried out by a single skilled artisan with assistants. Training was by apprenticeship. In much of the pre-industrial world, the guild [[system]] protected the privileges and trade secrets of urban artisans. In the pre-industrial world, most manufacturing occurred in rural areas, where household-based manufacturing served as a supplemental subsistence [[strategy]] to agriculture (and continues to do so in places). Entrepreneurs organized a number of manufacturing households into a single enterprise through the putting-out system. The factory system was first adopted in Britain at the beginning of the Industrial Revolution in the late 18th century and later spread around the world. The main characteristic of the factory system is the use of machinery, originally powered by water or steam and later by electricity. Increased use of economies of scale, the centralization of factories, and standardization of interchangeable parts were adopted in the American system of manufacturing in the nineteenth century. Manufacturing in the Soviet Union was based on collectivism.<ref>History and development of Manufacturing [https://en.wikipedia.org/wiki/Manufacturing Wikipedia]</ref>
+In its earliest form, manufacturing was usually carried out by a single skilled artisan with assistants. Training was by apprenticeship. In much of the pre-industrial world, the guild system protected the privileges and trade secrets of urban artisans. In the pre-industrial world, most manufacturing occurred in rural areas, where household-based manufacturing served as a supplemental subsistence strategy to agriculture (and continues to do so in places). Entrepreneurs organized a number of manufacturing households into a single enterprise through the putting-out system. The factory system was first adopted in Britain at the beginning of the Industrial Revolution in the late 18th century and later spread around the world. The main characteristic of the factory system is the use of machinery, originally powered by water or steam and later by electricity. Increased use of economies of scale, the centralization of factories, and standardization of interchangeable parts were adopted in the American system of manufacturing in the nineteenth century. Manufacturing in the Soviet Union was based on collectivism.<ref>History and development of Manufacturing [https://en.wikipedia.org/wiki/Manufacturing Wikipedia]</ref>

@@ Line 15: / Line 15: @@
 *[[Manufacturing Extension Partnership (MEP)]]
 *[[Manufacturing Operations Management (MOM)]]
 ===References===
 <references/>