Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. [1][unreliable source?] The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials ...
Simply put, production involves the transformation of inputs – such as capital equipment, labour, and land – into output of goods or services. In this production process, the manager is concerned with efficiency – technical and economic – in the use of these inputs.