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What is Production Process
Production process is a term that refers to the transformation (conversion) of inputs (labor, financial resources, raw material, non-material resources, infrastructure and other) to the outputs that have some value.

Production process is a term that refers to the transformation (conversion) of inputs (labor, financial resources, raw material, non-material resources, infrastructure and other) to the outputs that have some value. In other words, it is a conversion of resources into products (goods or services). The production process has many synonyms in different sectors, it is a generic term in, for example, manufacturing process, chemical process, service delivery and other.

Schematically, the production process is described below.

Production Process

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Last update: 20.08.2015

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