Production Processes

Assembly Plant
A facility where a production line is located and where products are assembled using systematic stages of production. This plant is fundamental in manufacturing industries, especially for large-scale production.
External Change vs. Induced Change
Comparing two types of changes that impact production systems—changes stemming from internal market dynamics and those arising from external factors such as consumer preferences and technological innovations.
Mass Production
Mass production refers to the manufacturing or processing of uniform products in large quantities using interchangeable parts and machinery. It can be either a wholly automated process or a series of short, repetitive procedures.
Production Department
A section of an organization in which production is carried out, focusing on transforming raw materials into finished goods through various processes and workflows.

Accounting Terms Lexicon

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