Production process

Definition

The production process is the sequence of steps that a company follows to transform raw materials into finished products. It involves planning, sourcing, manufacturing, and distributing goods to meet consumer demand.

Related terms

Lean Manufacturing: A systematic method for waste minimization within a manufacturing system without sacrificing productivity.

Quality Control: The process by which entities review the quality of all factors involved in production to ensure standards are met.

Supply Chain Management: The management of the flow of goods and services, involving the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption