Production
Production is a concept that relates to the responsibilities and management surrounding production and operations. It is concerned with both the administration of products and services. The areas of responsibility incorporated within this concept are often represented as 5 Ms; specifically, men, machines, methods, materials, and money. Important decisions are understood to be those related to the location of production sites; whether production has the aim of increasing stock or is made to order and the number of product varieties produced; and whether certain industry practices, for instance lean methods, are utilised.
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