EVERYTHING YOU WANT TO KNOW ABOUT MANUFACTURING
Frequently Asked Questions
What is manufacturing?
Manufacturing is the process of taking raw materials, parts, and sub-components and transforming them into finished goods.
What is manufacturing overhead?
Manufacturing overhead is the indirect costs supporting the production of finished goods minus the direct costs of production such as labor and materials.
What is lean manufacturing?
Lean manufacturing is the application of principles derived from Toyota’s production methods or “The Toyota Way”. Five principles of lean manufacturing are value, value stream, flow, pull, and perfection. Lean manufacturing eliminates waste, streamlines processes, reduces cost, and stimulates innovation.
What is critical manufacturing?
Critical manufacturing is one of sixteen critical infrastructure sectors defined by Presidential Directive 21 (PPD-21). These sectors include those with assets, systems, and networks that are considered so vital to the United States that their incapacitation or destruction would be debilitating to the nation’s economy, security, or to the public’s health or safety.
What is the manufacturing industry?
The manufacturing industry refers to the sum of companies engaged in manufacturing, which is the process of taking raw materials, parts, and sub-components and transforming them into finished goods.
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