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  2. Rationalization (economics) - Wikipedia

    en.wikipedia.org/wiki/Rationalization_(economics)

    [clarification needed] In the industry, thereby, machines often designate the replacement of manpower (rationalization investment). [citation needed] It is reasonable and appropriate for operational conditions to increase under changing conditions; alongside the goal, productivity, and economy. [clarification needed]

  3. Three-sector model - Wikipedia

    en.wikipedia.org/wiki/Three-sector_model

    Three sectors according to Fourastié Clark's sector model This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors.

  4. Inventory optimization - Wikipedia

    en.wikipedia.org/wiki/Inventory_optimization

    Studies have shown a 77% correlation between overall manufacturing profitability and inventory turns. [ 7 ] The challenge of managing inventory is increased by the " Long Tail " phenomenon which is causing a greater percentage of total sales for many companies to come from a large number of products, each with low sales frequency. [ 6 ]

  5. Industrial and production engineering - Wikipedia

    en.wikipedia.org/wiki/Industrial_and_Production...

    The roots of the industrial engineering profession date back to the Industrial Revolution.The technologies that helped mechanize traditional manual operations in the textile industry including the Flying shuttle, the Spinning jenny, and perhaps most importantly the Steam engine generated Economies of scale that made Mass production in centralized locations attractive for the first time.

  6. Outline of manufacturing - Wikipedia

    en.wikipedia.org/wiki/Outline_of_manufacturing

    Manufacturing – use of machines, tools and labor to produce goods for use or sale. Includes a range of human activity, from handicraft to high-tech , but most commonly refers to industrial production, where raw materials are transformed into finished goods on a large scale.

  7. Smart manufacturing - Wikipedia

    en.wikipedia.org/wiki/Smart_manufacturing

    Industry 4.0 is a project in the high-tech strategy of the German government that promotes the computerization of traditional industries such as manufacturing. The goal is the intelligent factory (Smart Factory) that is characterized by adaptability, resource efficiency , and ergonomics, as well as the integration of customers and business ...

  8. Manufacturing - Wikipedia

    en.wikipedia.org/wiki/Manufacturing

    In 2023, the manufacturing industry in the United States accounted for 10.70% of the total national output, employing 8.41% of the workforce. The total value of manufacturing output reached $2.5 trillion. [66] [67] In 2023, Germany's manufacturing output reached $844.93 billion, marking a 12.25% increase from 2022. The sector employed ...

  9. Manufacturing in the United States - Wikipedia

    en.wikipedia.org/wiki/Manufacturing_in_the...

    The U.S. manufacturing industry employed 12.35 million people in December 2016 and 12.56 million in December 2017, an increase of 207,000 or 1.7%. [3] Historically, manufacturing has provided relatively well-paid blue-collar jobs, although this has been affected by globalization and automation.

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