Production process
Production process The production process is an essential part of any business. It is a process of turning raw materials and ideas into products and services. It is important to develop efficient and effective production processes because they heavily impact business performance. Definition The production process is defined as the process in which the factors of production, i.e. inputs of resources, are turned into products or services. Examples of the production process Let's explore the production process with the example of biscuit production. To set up this production process, the company requires a place or land to set up the whole production unit. Secondly, in the production of biscuits, the organization will need the machines to mix all the necessary ingredients. It will also need an oven to bake the biscuits. In addition, it will need machinery for making the biscuits' packaging and labelling, which will all become capital investment for the company. The company will al...