REVIEW OF MANUFACTURING OPERATIONS

In general parlance, Manufacturing means converting an input (Raw material) into output (finished product) with the use of man, machines, material, power etc. Such finished goods may be used for manufacturing other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users – the “consumers”.

Manufacturing operations is a prime source of money outflow i.e. a large amount of money is spent on manufacturing process e.g. in buying machinery, raw material, consumables, paying salary to workers etc. It is very important to review the manufacturing operations in timely manner so that the identified in-efficiency may be eliminated controlled on immediate basis.