Manufacturing

Introduction

Manufacturing refers to a range of human activity, from handicraft to high tech. It is the production of goods - using labour, machines, tools, chemical / biological processing, etc. Such finished goods may, in turn, be used for the manufacture of other, more complex products, e.g. computers, aircraft, or automobiles. Alternatively, they may be sold to wholesalers, who supply the retailers that sell them on to end users.The NACE classification has a section for manufacturing (section C). This excludes agriculture, mining, electricity generation, construction, etc.This article will look at typical problems in this sector for SMEs and large companies,…