Key Production Process Types for Business Success
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Understanding Production Processes
Production activity, or simply production, involves the use of inputs to create goods and services. Throughout this process, inputs are transformed into finished goods (output) using specific technological procedures.
Each company must design the production process most appropriate for its characteristics and objectives, leading to a wide variety of business processes. However, they can generally be categorized into the following generic types:
Project Production
These processes involve the manufacture of an exclusive product that meets the specific needs of a customer, requiring a unique process design for each project. They are often complex and require a long period for completion.