How well production levels match actual demand is an important factor in company performance. If production is too low, the company can't meet demand, has dissatisfied customers and loses sales. If ...

An assembly line is a manufacturing process in which interchangeable parts are added to a product in a sequential manner to create an end product. In most cases, a manufacturing assembly line is a ...

Byproducts are materials that are created during the production process, in addition to primary products. They typically serve little purpose except for use in ancillary products or recycling, but for ...

I think most would agree that the Toyota Production System (TPS) has revolutionized business around the world, particularly manufacturing. What makes the TPS so revolutionary? I worked in management ...

Typically, a well will produce at its highest production rate at the beginning of the production cycle; and then production will wane. In an effort to increase production from both oil and natural gas ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...