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Chain of production

The chain of production consists of the various stages involved in the production of a particular product. The chain of production for furniture may include...

Stock control

Businesses hold stocks in a variety of forms: raw materialswork-in-progressfinished goodsconsumablesplant and machinery spares. The aim of stock control is to make sure that a business...

Production and quality

The term 'quality' in a business sense means 'fitness for purpose'. A supplier supplies a quality product when it exactly meets the requirements of...

Quality

Quality is often defined as 'fitness for purpose'. In other words a quality product is one that meets the needs and requirements of its...

Factors of production

The term factors of production relates to the key factors that go into making goods. It is common practice to break these down under...