Manufacturers and Contractors Liability Insurance provides coverage for liability exposures that result from manufacturing and contracting operations. This type of insurance typically excludes activities of independent contractors, and damages to property caused by explosion, collapse, and underground property damage.
A Manufacturing Requisition acts as an internal document within a manufacturing unit, outlining the specific raw materials, parts, and other resources required to produce a particular product, and facilitates inventory management.
Optimum capacity is the level of output of manufacturing operations that produces the lowest cost per unit.
A detailed directive issued to the production department specifying the production tasks to be completed, including operations, quantities, timelines, and completion deadlines essential for streamlined manufacturing processes and efficient resource utilization.
