Business Processes in Manufacturing
Are you planning to start a business in the manufacturing industry but you have insufficient ideas about the business processes in manufacturing?
If your business idea is about manufacturing goods and services to fill-up the existing demand of the market either locally or internationally, then here are the important aspects you need to learn in connection with manufacturing business processes.
The manufacturing industry plays a vital role for the economic growth of a certain country and for the assurance that the demand for products and services are always sufficient every now and then. Almost all of the prime commodities that we purchase in the market are by-products of the manufacturing industry. Aside from producing goods for the needs of the public and state, the industry also provides millions of jobs for the populace which contributes a lot in the progress of the economy. This only means that if a certain industry in manufacturing fails, it has a big effect on the supply of commodities and more people will lose their jobs resulting to the increase in unemployment rate of the state.
However, to ensure that the manufacturing venture is running smoothly, there are certain business processes being applied for this purpose.
- Management Process
- Operational Process
- Supporting Process
Just like a typical business, the industry of manufacturing also follows the process of corporate governance as its key point for the implementation of company policies, rules, and regulations that are vital for the effective operation of the business. On this process, it ensures the absolute control on the utilization of the resources, the good relationship between the owners, the employees, investors, and the community as well. This area also handles the strategic planning for the improved production of the business and increased profitability rate.
This is the main foundation and “life” of the business, wherein it involves the acquisition of equipments for the manufacturing process, the production of goods and services, promoting the products to the consuming public, and the generation of profit through sales output.
In order for the whole operation to be successful, this are includes the creation of different department that handles distinctive tasks such as Human Resource, Customer Support, Finance and Accounting, and other important departments in running a business.
Other Key Elements in Business Processes in Manufacturing
The above mentioned business processes has key elements for the improvement of each area. For example, in the area of management process, the company should implement “Business Rules and Policies” with strict compliance for the whole member of the operation and to maintain transparency between the workforce and the management.
In improving the quality of the products and to increase profitability, the current trend in manufacturing industry follows the standards set by ISO (International Organization for Standardization). It is now often to see ISO Compliance seal on every manufactured product that we purchase in the market.
Modernization and application of the latest technology is also a vital key element for the business processes in manufacturing to keep up the competency of the business in the industry. This also affects the pricing of goods based on the technology used in the production of the products.
20 Comments
- Dear Sir, I want to start small garment manufacturing unit(inner wear(Men, women and kids of all age group). Please how much I need to invest and equipments required. With Regards, Priyadarshini B N
- i am living in bahrain with building engineering back ground i am willing to invest up to $500000 in a profitable manufacturing business
- I am from India I want to start a manufacturing unit of Jarda(black and yellow) and chewing tobacco .I can invest Rs.5,00.000.00.Kindly tell me it's technology in detail.
- I'm planing to open small organic baby food manufacturing store. Since I'm dealing with only organic fruits & Vegetables, what kind of licenses should I still get beside of permit/certificate from Department of Health & CCOF? by the way, I will hiring two employees, I need work compensation? and business insurance? Please, let me know in detail information. Thanks.
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- Basically i am metallurgical engineer and working in HPCL as Sr manager training , My age is 55 years having 30 years experience in corrosion and inspection, training , projects, technical audit. i am 1000 sq m of land in patalganga maharastra 40 km from mumbai in industrial MIDC INDUSTRIAL AREA .i want to start some factory like packaging industry. water mineral plant or any type of trading. if you help me out i will be obelised to you. v k sinha
- I want to start a granite processing plant in Limpopo Province RSA.Out of the project I want create entrepreneurs that can sell the processed products to different communities. the challenges is funding (R12Millions)to start the business and to finance the project
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- hello sir i am ankur i will be open small manufacturing plant like food masala,food oil so plz give me the guide absolute this topic what am i doing & how much money i will be invested in starting in this process
- Hi...Currently m working in procurement field in Pharma industry in Mumbai,India & would like to do any business related to Pharma Industry.(recently investment amount would be Rs.50 Lacs - 1 Cr). Can you help me in detailed which kind of business will help me to grow up in current competitive market scenario?
- Hi, I am from Malegaoon(Maharashtra). I wanted to start new business in mfg business. So please suggest me a good business idea If you have any project report of that please send me. i have low budget Up to 2 lakh
- i am from niger state,nigeria and would like to start a cereal milling and packaging business. pls i need to know its profitability and the kind of machines i will need to operate with. any other added information will be greatly appreciated.thanks
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- interested in setting up any electronic assembling or manufacturing small unit in ajmer(rajasthan)
- Hi, I am looking for some help to understand the pharma export business. I have the capital but would like to have an experienced person related to industry to guide me. Thanks. Reach me on getprince@outlook.com
- hi i am a granite manufacturer from india i am thinking of opening a granite business in baharin need help abt gov. policy and other things plz help
- Hi sir, Am John for KGF, am looking to start a manufacturing of small electronic equipments in small scale. Please suggest me the product which is doing good in the marker with complete details of raw materials and equipments required for manufacture. Also the cost involved. thanks
- Hi, SIR I am Akash Ch.Gupta from kolkata INDIA. I want to start a mfg. of small electrical or electronic equipments in small scale. PLZ help me the product which is best in market with complete details of raw materials and equipments need for manufacture with the cost involved. THANKS.
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