Full Form Of Mfg Manufacturing Types Process Examples

Full Form of MFG – Manufacturing

The full form of MFG is Manufacturing. It converts raw material or assembling parts into finished goods or finished goods with the help of hand, labor, machines, tools, chemicals, etc., in such a manner that the goods produced have entirely different characteristics, appearance, and use from its raw materials.

History

For ages, people have found different ways to convert raw materials such as oil, wood, food, and other stuff into finished goods like gas, furniture, eatables, etc. It started the industrial process, which converted raw materials into finished products in large quantities and turned into the industrial revolution in the 19th century. Earlier, these products were made by hand. These processes, in turn, helped to increase production with reduced labor work.Huge production and assembly line manufacturing helped companies make parts that could be used individually and helped production more rapidly by lowering the customization process. The age of computers and high-tech gadgets has helped companies achieve a more reliable and accurate manufacturing method. However, outputs of such companies require skilled labor and more capital investmentCapital InvestmentCapital Investment refers to any investments made into the business with the objective of enhancing the operations. It could be long term acquisition by the business such as real estates, machinery, industries, etc.read more.The method of operations and processes used have changed with time in the manufacturing process. Many jobs in the manufacturing sector with low skills have been transferred from developed to developing countries because labor in developing countries is cheaper. High-tech and skilled manufacturing is carried out in developed economies. As a result, labor is more productive, and manufacturing is more efficient. As a result, production increases in massive quantities, but the number of human interference has decreased drastically.

You are free to use this image on you website, templates, etc., Please provide us with an attribution linkHow to Provide Attribution?Article Link to be HyperlinkedFor eg:Source: Full Form of MFG (wallstreetmojo.com)

Types of MFG

The following are the types of manufacturing –

#1 – Discrete

The discrete method provides a variety of produced products. It is a dynamic methodology and can vary from a few steps to frequent steps of change. The result of products may be the same or can be different from each other.

#2 – Repetitive

The most common and long-established method is repetitive manufacturing. Under this method, the same product or of similar nature or the same family frequently produces one after another. But this method doesn’t provide huge opportunities to fulfill expectations.

#3 – Job Shop

The job shop doesn’t have a production line and provides one product at a time. Most of the time, these are done on customer demand and don’t relate to finished products. These are always more expensive as one product is being made at a time and doesn’t give better opportunities.

#4 – Batch Process

In the manufacturing industry, goods made in batches combine to make a single batch. The batch process may cover many small batches over time or one batch with a huge quantity over its span. Therefore, one can carry it out over a long period.

#5 – Continuous Process

A continuous process is quite similar to a repetitive process as both run all the time. The main difference is the raw material used may be liquids, slurries, powder, or gases.

Process of Manufacturing

The manufacturing process will depend on the type of finished goods produced and is unique for each material produced. However, in common, every manufacturing process will involve conversion, assembling, or working upon raw material with the help of either man, machine, or other equipment. After the conversion, assembling, or working, the manufactured product will have an entirely different appearance, characteristics, uses, etc.

Examples of MFG

Transportation MFG – These include automobile manufacturing transportation equipment.Electronics like mobiles, TVs.Fast-moving consumer goodsFast-moving Consumer GoodsFast-moving consumer goods (FMCG) are non-durable consumer goods that sell like hotcakes as they usually come with a low price and high usability. Their examples include toothpaste, ready-to-make food, soap, cookie, notebook, chocolate, etc.read more – Cosmetics, food, beverages, soaps, detergents.Chemical Industry – Supply of chemicals used in various industries.Paper industry – Manufacturing of pulp and related products.Pharmaceuticals industry – Making of medicines, medical devices, and healthcare.Printing and publishing – Books, colors, etc.Industrial equipment – Infrastructure needs and heavy equipment.Furniture and fixture – Sofa, bed, cushion. Almira.

Manufacturing vs Production

Manufacturing includes technology, machinery, software, and labor to make consumer goodsConsumer GoodsConsumer goods are the products purchased by the buyers for consumption and not for resale. Also referred to as final products, examples of consumer goods include an Apple cellphone or a box of Oreo cookies. Consumer goods companies and the industry offer a vast range of products that heavily contribute to the global economy.read more that are saleable in the market, while production doesn’t deal with machines, the raw material to make its output.Manufacturing products is not an easy task in today’s dynamic business scenario as the inputs have to go through several processes to become output. Manufacturing requires the proper balance between machinery, workers, and input materials to get the final product. Production is only the additional process to make the goods saleable to consumers.

Advantages

Increase in Efficiency – Quality is the foremost requirement in manufacturing and can be achieved only by using machines, technology, and labor as a part of the manufacturing process. It has made manufacturing more efficient by reducing errors, defects, and other factors.Lowering the Cost – Cost is the basic factor that affects the business. The lower the cost, the more profit. If the process is efficient, there are fewer mishaps, less waste, and saves more money.Rapid Production – The manufacturing process includes machines, less labor, and works more efficiently and faster.

Disadvantages

Task-Oriented – The manufacturing process involves machines and technology, which are automatic, so they will do whatever is programmed. Therefore, creativity reduces as there is no human intervention.Increases Global Issues – The manufacturing process is entirely technology-driven and machine-based. It requires gases, chemicals, fuels, and energy to run, producing industrial waste and dangerous gases contributing to global warming and substantially degrading our environment.Lowering Jobs – As machines are doing human jobs with more accuracy, human requirement reduces numbers and increases unemployment problems.

Conclusion

Manufacturing is the process of converting, assembling, and changing raw material into a product that is entirely different in use and the appearance of it from raw material. The process of manufacturing started during ancient times. There are different forms of manufacturing, like discrete, batches, etc. Examples of manufacturing include automobile manufacturing, Electronics manufacturing, etc. The manufacturing process has radically transformed over a period under which technology intervention is increasing and human intervention is reducing, thereby leading to unemployment problems for economies.