Manufacturing Flashcards, test questions and answers
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What is Manufacturing?
Manufacturing is one of the most important and influential industries in the world. It is responsible for bringing new products to market, creating jobs, driving economic growth and improving quality of life. Manufacturing is a complex system that uses raw materials, labor, machines and capital to create a variety of goods for sale or use. The processes involved in manufacturing are often highly specialized, requiring intricate knowledge and expertise to ensure high-quality output.Manufacturing involves a wide range of activities such as product design, engineering, tooling and production planning. It also involves the management of resources including people, machines and materials which are used in the production process. Technology plays an increasingly important role in modern manufacturing as it enables more efficient methods of production. Automation has become common place across many sectors as it helps to reduce labour costs while enhancing productivity and quality control measures.The global manufacturing industry is constantly evolving with new technologies being developed all the time which can have significant impacts on businesses’ operations. As well as this there are numerous challenges such as rising energy prices, increasing competition from overseas manufacturers and environmental regulations which can all impact companies’ ability to remain competitive in today’s market place. In order to succeed within this ever-changing environment companies must be innovative with their strategies in order to stay ahead of the competition whilst still meeting customer needs cost effectively.