One who is engaged in the business of working raw materials into wares suitable for use. People v. New Y’ork Floating Dry Dock Co., 63 How. Prac. (N. Y.) 453.

To attract and retain satisfied customers to one particular good, a manufacturer markets a good or family of goods under its own brand name(s). Loyalty may otherwise transfer to the […]

For distribution in the same channels or to the same customers, this commission agent handles non- competitive but complementary products from several manufacturers. Manufacturer ‘s agents are normally confined to […]

Each manufacturer that imports goods into the United States receives this unique identifying reference number. This number is used by U.S. Customs in its electronic monitoring systems. This number is […]

Setting a value at a selling price at the time a loss occurs for finished goods that have yet to be sold is this clause’s purpose.

To cover operations at their factory, a manufacturer will take out this liability insurance . A contractor will do the same to cover their construction or installation projects. Damage from […]

Processing raw materials, components, and parts while building finished goods based on a customer’s specifications and expectations. Manufacturing commonly employs a man/machine setup with division of labor in a large […]

A manufacturing organization ‘s accounting process statement. This financial statement shows the cost of direct materials and labor, including production overhead, and not profit and loss figures.

A specific report that shows (1) trade and business sales value, (2) product inventory values for manufacturers, retailers and wholesalers, (3) inventories-to-sales ratio. This ratio is a guide comparing existing […]

Production and performance quality expressed in designs tied to a production plant’s outlay.

A corporation engaged in the production of some article, thing, or object, by skill or labor, out of raw material , or from matter which has already been subjected to […]

Direct material, direct labor, fabrication , manufacturing overhead , assembly, and end-item testing all comprise this type of cost.

A deviation from design specifications during production resulting in a product’s defect, frailty or shortcoming.

Real time documenting, controlling, and management of an entire manufacturing process by this computerized system. It includes machines, personnel, and support services to track activities and resources, link administration to […]

Management information system type targeting any production becoming computerized. Managers need to plan and direct operations within the company and use modern management information systems designed to collect and present […]

A list of the goods, parts and materials in stock, available for use as required to perform the manufacturing process . This list is continually updated to matches current and […]

Total time required for item manufacture . Order preparation time, queue time, setup time, run time, move time, inspection time, and putaway time are all included. Release of an order […]

One of the four categories of dependent properties under business income coverage. It is a location contracted to manufacture product, and ship this product to the insured’s consumers.

Manufacturing process, including machine parts, as this overhead cost.

Interfaced resource system to a material requirements planning (MRP) process or system. It integrates a manufacturing firm’s total planning, not just production. Functions include: Business planning, production and schedule planning, […]

Industries making chemical, mechanical , physical material transformations, substances, and components into consumer and industrial goods. This is known to be an uncoordinated and highly competitive collection of industries.

Organized production. Assembly lines, batch production , and computer-integrated manufacturing are some of the many existing types of manufacturing systems.

Manufacturing improvement as a field of study focused on processes, techniques, or equipment. Cost reduction, increased efficiency, enhanced reliability , security, safety and anti-pollution measures are its objectives.

Performance and procedure specifications described and documented for a component, subassembly , or system. These specifications must be met during manufacturing . Both performances and the process will be assessed […]

Manufacturing process runtime period. Time required for a material, part, or subassembly to pass through the process. Also known as throughput time .