← Logistics Dictionary

Production

What is the meaning of Production?

Production is the method of turning raw materials into finished or semi-finished products. In other words, it means the creation or the development of unusable materials to usable products or services.

Generally, production contributes to the utility of individuals. The finished products are readily available to be consumed by individuals or companies. On the other hand, the semi-finished goods are development to form parts of other product.

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