oboloo Glossary

Manufacturing Business

oboloo Glossary

Manufacturing Business

Manufacturing Business can be defined as the activity of producing goods through the transformation of raw materials or components into finished products. It involves a complex process of planning, designing, producing, and distributing products with an aim to meet customer needs and increase profits. The core goal of any manufacturing business is to efficiently convert raw materials into products that are of superior quality, have better function than their competitors’ products, and ultimately provide customers with greater value for money.