Producing and marketing desired goods and services is key for the GWC Valve International company to be able to succeed as a retailer. The production converts the raw materials and other inputs into finished goods and services which are called the outputs. People often use the terms production and manufacturing interchangeably, but they are different. Production involves both manufacturing and non manufacturing industries and the production process can result in a tangible good or an intangible service. The production and operations management is the process of overseeing the production process by being able to manage and oversee the people and machinery that convert materials and resources into finished goods and services. The different inputs include resources and raw materials whereas the conversion process adds value to these and finally you have your outputs which involves the goods and services.
The production process, producing goods and services, is at the center of any firm yet an effective production processes increase the quality meet customer demands, provide new products, and lower the cost of production. Production is a vital function necessary for generating money to pay employees, lenders, and stockholders. The effective production and operations management can lower a firm’s costs of production, allow it to respond dependably to customer demands, enable it to review itself by providing new products and to boost the quality of its goods and services.
The production process use either analytical production systems or synthetic production systems and time requirements of either continuous production process or intermittent production process. Analytical production system is able to reduce raw material to its component parts in order to extract one or more marketable products whereas synthetic can reverse the analytical system and combine a number of raw materials or parts or transforms raw materials to produce finished products. The continuous process generates finished products over a long period of time and the intermittent generates products in short production runs, shutting down machines frequently or changing their configurations to produce different products.