what is manufacturing 
manufacturing is the creation of finished goods through the use of tools human labor machinery and chemical processing manufacturing allows businesses to sell finished products at a higher cost than the value of the raw materials used large scale manufacturing allows for goods to be mass produced using assembly line processes and advanced technologies as core assets efficient manufacturing techniques enable manufacturers to take advantage of economies of scale producing more units at a lower cost understanding manufacturingmanufacturing is an integral and huge part of the economy it involves processing and refining raw materials such as ore wood and foodstuffs into finished products such as metal goods furniture and processed foods converting these raw materials into something more useful adds value this added value increases the price of finished products making manufacturing a very profitable part of the business chain some people specialize in the skills required to manufacture goods while others provide the funds that businesses need to purchase the tools and materials as noted above efficiency in manufacturing can lead to higher productivity and cost savings manufacturers are able to accomplish this if they are able to manufacturing is often reported on by the conference board and is examined by economists types of manufacturing