TLE PRODUCTION

• A process that involves transforming raw materials into finished products

  Production
• Administration of an organization, business, or government

  Management
• Coordinating activities required to make a product

  Production Management
• Collection of interrelated activities involved in producing goods and service

  Production system
• Successful manufacturers agree that to reach goals, organizations need a single, integrated source of information and capabilities

  Demand information
• It transforms a business's location, departments, and partners into a whole

  Demand information
• Unprocessed materials that are used to produce goods

  Raw materials
• Supply of materials, money, and staff

  Resources
• Substances that are manufactured for sale

  Products
• Things offered in a market that can satisfy wants and needs

  Products
• Goods or services that are necessary

  Needs
• Goods or services that we desire or wish

  Wants
• State of producing

  Productivity
• Effectiveness of productive effort

  Productivity
• Means doing the thing right

  Efficiency
• The degree wherein objectives are achieved and problems are solved

  Effectiveness
• Land plus anything that comes with it

  Land
• The effort that humans contribute to the production of goods and services

  Labor
• Includes machinery, tools, buildings

  Capital
• Elements that we use to produce

  Capital
• Is what we need to combine the other factors of production

  Entrepreneurship
• Tangible items

  Goods
• Intangible items

  Service
• Process of translating raw materials into finished goods

  Manufacturing
• Materials used in creating products

  Input
• Transformation phase where inputs and processed

  Process
• The final product of the process stage

  Output