Process manufacturing industry is the branch of manufacturing that is associated with formulas and manufacturing recipes, and can be contrasted with discrete manufacturing, which is concerned with discrete units, bills of materials and the assembly of components.
Process manufacturing is common in the food, beverage, chemical, pharmaceutical, consumer packaged goods, and biotechnology industries. In process manufacturing, the relevant factors are ingredients, not parts; formulas, not bills of materials; and bulk materials rather than individual units. Although there is invariably cross-over between the two branches of manufacturing, the major contents of the finished product and the majority of the resource intensity of the production process generally allow manufacturing systems to be classified as one or the other. For example, a bottle of juice is a discrete item, but juice is process manufactured. The plastic used in injection moulding is process manufactured, but the components it is shaped into are generally discrete, and subject to further assembly.
Infocost have full strength of costing professional equipped with SAP management accounting expert knowledge to help the process industry and organizations in achieving the required cost control and optimization measures,
May it be target costing, standard costing, actual costing, activity based costing, profitability analysis, make or by decision, planning and budgeting, recovery reporting, costing sheets and many more MIS and decision making tools.
PoV of Infocost on Process Industry
“Process industries are the backbone of the entire make in India operations and dream of our Prime Minister, The future of process industries is extremely bright may it be food, pharma, fertilizer, steel or any manufacturing industries.”
We have a vast experience of working in all kinds of process industries may it be steel, food, pharma, chemical or ferro alloyes.