WHAT IS MANUFACTURING INDUSTRY?
Some people may be still wondering what is manufacturing industry? The manufacturing industry is the industry that its main activity is changing the raw materials, components, or other parts into the finished products that meet standard specifications. In general, this industry is able to produce on a large scale. The manufacturing industry changes the raw materials into finished goods mechanically with machines, or manually without using the machine. Here is some information you need to know about what is manufacturing industry?
The Differences Of The Industry
What is manufacturing industry? What is the difference with other industry? Unlike the trading company that sells goods from a supplier, the manufacturing company focuses on the manufacturing process of processing raw materials into a finished product. The result of the production process can be seen by the eye or its products have existed. This also sets it apart with service companies where the product is not in the form of objects.
The Characteristic Of Manufacturing Industry
What is the characteristic of manufacturing industry? What is manufacturing industry? The purpose of manufacturing industry is managing raw materials into a finished product. The consumers did not participate in the production process. The result of the production is visible. Sometimes the consumers tend to look for the products again if the products meet their preferences.
What Does Manufacturing Industry Need?
What does manufacturing industry need? In term of production, manufacturing companies typically use to set up the machine and manpower with the division of labor in the large-scale production. There are some production costs that usually consists of 3 elements such as the cost of raw materials, cost of labor, and factory overhead costs. The country not only requires abundant natural resources and raw materials to make the manufacturing process. But other than that, a country also need reliable human resources in the process. Because the further the development of technology that exists today, we certainly already know that the machine still will not be able to replace 100% of human existence.
That’s why the manufacturing industry often serves as a benchmark for national industrial development parameters or within a country. Due to the least good economic development in the country, one of which is determined from how well they are able to process raw materials or components available in their country to be the finished goods. So that the products have the value selling economical. The products need to well promoted in the country, as well as to export out the country.