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Manufacturing Business Plan Template

Written by Dave Lavinsky

Manufacturing Business Plan

You’ve come to the right place to create your Manufacturing business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Manufacturing companies.

Below is a template to help you create each section of your Manufacturing business plan.

Executive Summary

Business overview.

Perfect Snacks, located in Lincoln, Nebraska, is a food manufacturing company that specializes in the production of snack foods and packaged goods. We manufacture an extensive line of snack products, including trail mix, gummies, and chocolate. Our company focuses on quality and only uses the best natural ingredients in our products. We will primarily sell our products to grocery stores and other establishments that sell snacks, but will also sell bulk orders to individual customers through our website.

Perfect Snacks was founded by Joe Boseley. Joe has been working on the manufacturing company concept over the past few years and began networking with grocery store clients and locating the land to build his manufacturing and distribution center. As a line manager that oversaw dozens of employees, Joe has the proper knowledge and experience to own, manage, and operate his own manufacturing company.

Product Offering

Perfect Snacks will manufacture an extensive list of sweet, salty, and healthy snacks. Some of our initial products will include:

We will primarily sell our products to grocery stores, recreation centers, and other businesses that sell snacks in bulk. Consumers can find our products in stores or buy them in bulk on our website.

Customer Focus

Perfect Snacks will primarily serve the residents of Lincoln, Nebraska. The community has a large population of families and children, who are the primary consumers of snack foods. Therefore, we will market our products to recreational centers, schools, grocery stores, and other establishments that sell snacks to children and their parents.

Management Team

Perfect Snacks is owned by Joe Boseley, a local entrepreneur who has worked in various warehouses and manufacturing companies in Lincoln, Nebraska. Working in the manufacturing industry and in warehouses, Joe is very familiar with the processing and distribution of packaged foods. As a line manager that oversaw dozens of employees, Joe has the proper knowledge and experience to own, manage, and operate his own manufacturing company.

Joe will utilize his past experience with developing staff roles and functions. He is also very familiar with the manufacturing equipment and plans to purchase the latest technology that is efficient and cost effective. His contacts have allowed him to gain concrete Letters of Intent from local supermarket chains to have his manufactured goods in their stores.

Success Factors

Perfect Snacks will be able to achieve success by offering the following competitive advantages:

  • Taste: Perfect Snacks’ snack products will be made with the highest quality ingredients and offer quality over quantity.
  • Price: Perfect Snacks is able to offer the highest quality snacks at a competitive price point.
  • Community Relations: Perfect Snacks will be a pillar in the community and be heavily involved in family-related activities in the area. It will sponsor events, provide snacks for schools and daycares at a discounted price, and donate a portion of its proceeds to area family-related charities and organizations.
  • Proprietary Technology: Perfect Snacks will invest heavily on the latest technology to manufacture the snack foods for distribution. It will ensure the food products are made safely and free from any harmful chemicals and ingredients.

Financial Highlights

Perfect Snacks is seeking a total funding of $1,200,000 of debt capital to open its manufacturing company. The capital will be used for funding capital expenditures, salaries, marketing expenses, and working capital. Specifically, these funds will be used as follows:

  • Manufacturing facility design/build-out: $400,000
  • Equipment and supplies: $375,000
  • Initial inventory: $100,000
  • Three months of overhead expenses (payroll, rent, utilities): $250,000
  • Marketing costs: $50,000
  • Working capital: $25,000

The following graph below outlines the pro forma financial projections for Perfect Snacks.

Perfect Snacks Financial Projections

Company Overview

Who is perfect snacks, perfect snacks history.

After conducting a market analysis, Joe Boseley began surveying the local vacant warehouse space and decided on a parcel of land to construct the warehouse and distribution center. Joe incorporated Perfect Snacks as a Limited Liability Corporation on January 1st, 2023.

Once the land is acquired for the warehouse space, construction can begin to build-out the manufacturing facility.

Since incorporation, the Company has achieved the following milestones:

  • Located a vacant lot that would be ideal for a manufacturing facility
  • Developed the company’s name, logo, and website
  • Hired a general contractor and architect for the build-out of the warehouse, small office, and distribution area
  • Determined equipment and necessary supplies
  • Determined beginning inventory
  • Attained Letters of Intent from supermarket clients
  • Began recruiting key employees

Perfect Snacks Services

Industry analysis.

The Manufacturing sector’s performance is largely attributable to the value of the US dollar, commodity prices, policy decisions and US manufacturing capacity. Food manufacturing has a history of success as it produces a basic human need. According to Grand View Research, the industry is currently valued at $121 billion and is expected to expand at a compound annual growth rate of 9.5% from now until 2030.

Commodity prices are currently stabilizing from coronavirus-induced volatility and renewed demand, both in the United States and global economies, which is anticipated to facilitate revenue expansion for manufacturers. Moreover, shifting technological change in the Manufacturing sector is anticipated to benefit large, developed economies, such as the United States. Therefore, now is a great time to start a new food manufacturing company in the U.S.

Customer Analysis

Demographic profile of target market.

Perfect Snacks will serve the community residents of Lincoln, Nebraska and its surrounding areas. The community of Lincoln, Nebraska has thousands of households that have children. Statistics show that the main consumers of snack products are children of all ages. They are regularly placed in school lunchboxes, afterschool snacks and programs, and at weekend sporting events. Therefore, we will market to locations where snacks are bought by children or their parents, such as grocery stores, recreational centers, and schools.

The precise demographics Lincoln, Nebraska is as follows:

Customer Segmentation

Perfect Snacks will primarily target the following customer profiles:

  • Grocery stores and recreational centers

Competitive Analysis

Direct and indirect competitors.

Perfect Snacks will face competition from other companies with similar business profiles. A description of each competitor company is below.

Snacks N More

Snacks N More is another local manufacturing company that provides snack food to the immediate area. Established over thirty years ago, the company has the knowledge and expertise in food processing, commercialization, and packaging. They are known as a recognized ingredient supplier for the foodservice industry. Their portfolio of products include a variety of nuts, snacks, confections, and dry-blend ingredients. As a private label manufacturer, Snack’s More produces a full line of non-chocolate candy, nuts, and fruit-flavored snacks. The company is known for their fruit flavored snacks, dried raisins, nut mixes, and producing ingredients for local restaurants and establishments. Their line of nuts and dried fruits are often used for baking purposes.

Jaxon’s Candy

Jaxon’s Candy is a manufacturer of all things candy related. As a contract manufacturer, the company works with many companies to create their custom designed confections. Their large 50,000 square foot facility produces over 300,000 pounds of candy every month. All of the products are highly concentrated either in sugar or chocolate, or both. Jaxon’s Candy also designs and manufactures their own custom packaging. The candy produced is also kosher certified, gluten free, peanut free, and non-GMO.

Jaxon’s Candy currently manufactures candy for the following brands – Tommy Candy, Laffy Town, Chocowhoawhoa, Jellylicious, Healthee Candeee, and Sticky Teeth. Jaxon’s Candy can be found in grocery stores and convenient stores along the west coast of the United States.

Gimmy Candy

Gimmy Candy is located in the midwestern portion of the United States and boasts a facility of over 1 million square feet. Their fleet of transportation trucks distributes throughout the continental United States and is considered one of the largest candy manufacturers in the country. Their product portfolio includes assorted chocolates, gummy candy, hard candy, fruit candy, as well as gums and mints. Gimmy Candy was established in 1947 and has grown to be a model of manufacturing companies the industry uses as a model of sustainability and profitability. Their lineup of candy products can be found in every single grocery store and convenient store in the country. Gimmy Candy is considering expanding its distribution globally and start exporting its candy products to Asia, Canada, Europe, and South America. As one of the largest privately held companies in the United States, Gimmy Candy is also considered a top employer in the country and offers its employees a generous benefits package.

Competitive Advantage

Perfect Snacks will be able to offer the following advantages over their competition:

Marketing Plan

Brand & value proposition.

Perfect Snacks will offer the unique value proposition to its clientele:

  • Fresh and comforting taste
  • Community family advocate
  • Developed with proprietary technology
  • Manufactured with fresh, quality ingredients
  • Affordable price

Promotions Strategy

The promotions strategy for Perfect Snacks is as follows:

Social Media

Perfect Snacks will invest heavily in a social media advertising campaign. The brand manager will create the company’s social media accounts and invest in ads on all social media accounts. It will use targeted marketing to appeal to the target demographics.

Website/SEO

Perfect Snacks will invest heavily in developing a professional website that displays all of the features and benefits of the snack products. It will also invest heavily in SEO so that the brand’s website will appear at the top of search engine results.

Major Publications

We will also invest in advertising in selected larger publications until we have achieved significant brand awareness. Advertisements such as billboards and commercials will be shown during peak tv watching time and the billboards will be placed in highly trafficked areas.

Sponsorships

Perfect Snacks will also invest in sponsoring certain athletic and school events so that their banners and collateral material are displayed all over the event where numerous parents and children are at.

Perfect Snacks’s pricing will be moderate so consumers feel they receive great value when purchasing our snack products.

Operations Plan

The following will be the operations plan for Perfect Snacks.

Operation Functions:

  • Joe Boseley will be the CEO of Perfect Snacks. He will oversee the general operations and executive aspects of the business.
  • Joe is joined by Candace Smith who will act as the warehouse manager. She will train and manage the staff as well as oversee general production of our products.
  • Joe will hire an Administrative Assistant, Marketing Manager, and Accountant, to handle the administrative, marketing, and bookkeeping functions of the company.
  • Joe will also hire several employees to manufacture our products and maintain the equipment and machinery.

Milestones:

Perfect Snacks will have the following milestones complete in the next six months.

  • 02/202X Finalize lease agreement
  • 03/202X Design and build out Perfect Snacks
  • 04/202X Hire and train initial staff
  • 05/202X Kickoff of promotional campaign
  • 06/202X Launch Perfect Snacks
  • 07/202X Reach break-even

Financial Plan

Key revenue & costs.

Perfect Snacks’s revenues will come primarily from its snack food sales. The company will sell the packaged snacks in local grocery stores, convenience stores, and other locations. As the company’s revenues increase, it will look to gain a wider distribution area.

The land purchase, equipment, supplies, opening inventory, and labor expenses will be the key cost drivers of Perfect Snacks. Other cost drivers include taxes, business insurance, and marketing expenditures.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and pay off the startup business loan.

  • Average order value: $250

Financial Projections

Income statement, balance sheet, cash flow statement, manufacturing business plan faqs, what is a manufacturing business plan.

A manufacturing business plan is a plan to start and/or grow your manufacturing business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your Manufacturing business plan using our Manufacturing Business Plan Template here .

What are the Main Types of Manufacturing Businesses?

There are a number of different kinds of manufacturing businesses , some examples include: Garment manufacturing, Food product manufacturing, Diaper manufacturing, Tile manufacturing, and Toy manufacturing.

How Do You Get Funding for Your Manufacturing Business Plan?

Manufacturing businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Manufacturing Business?

Starting a manufacturing business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Manufacturing Business Plan - The first step in starting a business is to create a detailed manufacturing business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast. 

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your manufacturing business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your manufacturing business is in compliance with local laws.

3. Register Your Manufacturing Business - Once you have chosen a legal structure, the next step is to register your manufacturing business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your manufacturing business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.

7. Acquire Necessary Manufacturing Equipment & Supplies - In order to start your manufacturing business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your manufacturing business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.

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Manufacturing Business Plan Template

Written by Dave Lavinsky

manufacturing business plan template

Manufacturing Business Plan

Over the past 20+ years, we have helped over 7,000 entrepreneurs and business owners create business plans to start and grow their manufacturing businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a manufacturing business plan template step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What Is a Business Plan?

A business plan provides a snapshot of your manufacturing business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan

If you’re looking to start a new manufacturing business, or grow your existing manufacturing business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your manufacturing business in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Manufacturing Businesses

With regards to funding, the main sources of funding for a manufacturing business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business.

Personal savings is the other most common form of funding for a manufacturing business. Venture capitalists will usually not fund a manufacturing business. They might consider funding a manufacturing business with a national presence, but never an individual location. This is because most venture capitalists are looking for millions of dollars in return when they make an investment, and an individual location could never achieve such results.  With that said, personal savings and bank loans are the most common funding paths for manufacturing businesses.

Finish Your Business Plan Today!

How to write a business plan for a manufacturing company.

If you want to start a manufacturing business or expand your current one, you need a business plan. Below we detail what you should include in each section of your own business plan:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of manufacturing business you are operating and the status. For example, are you a startup, do you have a manufacturing business that you would like to grow, or are you operating a chain of manufacturing businesses?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the manufacturing industry. Discuss the type of manufacturing business you are operating. Detail your direct competitors. Give an overview of your target market. Provide a snapshot of your marketing strategy. Identify the key members of your team. And offer an overview of your financial plan.  

Company Analysis

In your company analysis, you will detail the type of business you are operating.

There are many types of manufacturing businesses, such as:

  • Clothing manufacturing
  • Garment manufacturing
  • Food product manufacturing
  • Diaper manufacturing
  • Tile manufacturing
  • Toy manufacturing
  • Soap and detergent manufacturing
  • Mobile accessories manufacturing
  • Mattress manufacturing
  • Bicycle manufacturing
  • Pillow manufacturing
  • Brick manufacturing
  • Toilet paper manufacturing
  • Furniture manufacturing
  • Peanut butter manufacturing
  • Cosmetics manufacturing
  • Footwear manufacturing

In addition to explaining the type of manufacturing business you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include the number of customers served, number of positive reviews, number of wholesale contracts, etc.
  • Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the manufacturing industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the manufacturing industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section:

  • How big is the manufacturing industry (in dollars)?
  • Is the market declining or increasing?
  • Who are the key competitors in the market?
  • Who are the key suppliers in the market?
  • What trends are affecting the industry?
  • What is the industry’s growth forecast over the next 5 – 10 years?
  • What is the relevant market size? That is, how big is the potential market for your manufacturing business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section must detail the customers you serve and/or expect to serve.

The following are examples of target market segments: wholesalers, other manufacturers, exports, retailers.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of manufacturing business you operate. Clearly, retailers would respond to different marketing promotions than export markets, for example.

Try to break out your target market in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most manufacturing businesses primarily serve customers living in their same city or town, such demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other manufacturing businesses.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes manufacturers in other niches, as well as those vertically integrated businesses that make their own product. You need to mention such competition as well.

With regards to direct competition, you want to describe the other manufacturing businesses with which you compete. Most likely, your direct competitors will be house flippers located very close to your location.

manufacturing and production business competition

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

  • What types of customers do they serve?
  • What types of products do they manufacture?
  • What is their pricing (premium, low, etc.)?
  • What are they good at?
  • What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

  • Will you provide high quality manufacturing practices?
  • Will you provide services that your competitors don’t offer?
  • Will you provide better customer service?
  • Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a manufacturing business, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of manufacturing company that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to manufacturing, will you provide R&D, design, prototyping or any other services?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your manufacturing company. Document your location and mention how the location will impact your success. For example, is your manufacturing business located near a distribution hub, etc. Discuss how your location might be the ideal location for your customers.

Promotions : The final part is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

  • Advertising in local papers and magazines
  • Reaching out to local websites
  • Social media marketing
  • Local radio advertising

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your manufacturing business, including sourcing inputs, designing processes, managing production, coordinating logistics and meeting with potential buyers.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to secure your 1,000 th contract, or when you hope to reach $X in revenue. It could also be when you expect to expand your manufacturing business to a new city.  

Management Team

To demonstrate your manufacturing business’ ability to succeed, a strong team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally you and/or your team members have direct experience in managing manufacturing businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in manufacturing or successfully running small businesses.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you offer short-run production, or will you focus strictly on long-run? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your manufacturing business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a manufacturing business:

  • Location build-out including design fees, construction, etc.
  • Cost of equipment and supplies
  • Payroll or salaries paid to staff
  • Business insurance
  • Taxes and permits
  • Legal expenses

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your production facility blueprint, or capabilities specifications.  

Putting together a business plan for your manufacturing business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the manufacturing industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful manufacturing business.

Manufacturing Business Plan FAQs

What is the easiest way to complete my manufacturing business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Manufacturing Business Plan.

What is the Goal of a Business Plan's Executive Summary?

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of manufacturing business you are operating and the status; for example, are you a startup, do you have a manufacturing business that you would like to grow, or are you operating a chain of manufacturing businesses?

Don’t you wish there was a faster, easier way to finish your Manufacturing business plan?

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Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how Growthink’s professional business plan consulting services can create your business plan for you.

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How To Write the Operations Plan Section of the Business Plan

Susan Ward wrote about small businesses for The Balance for 18 years. She has run an IT consulting firm and designed and presented courses on how to promote small businesses.

manufacturing plan in business plan

Stage of Development Section

Production process section, the bottom line, frequently asked questions (faqs).

The operations plan is the section of your business plan that gives an overview of your workflow, supply chains, and similar aspects of your business. Any key details of how your business physically produces goods or services will be included in this section.

You need an operations plan to help others understand how you'll deliver on your promise to turn a profit. Keep reading to learn what to include in your operations plan.

Key Takeaways

  • The operations plan section should include general operational details that help investors understand the physical details of your vision.
  • Details in the operations plan include information about any physical plants, equipment, assets, and more.
  • The operations plan can also serve as a checklist for startups; it includes a list of everything that must be done to start turning a profit.

In your business plan , the operations plan section describes the physical necessities of your business's operation, such as your physical location, facilities, and equipment. Depending on what kind of business you'll be operating, it may also include information about inventory requirements, suppliers, and a description of the manufacturing process.

Keeping focused on the bottom line will help you organize this part of the business plan.

Think of the operating plan as an outline of the capital and expense requirements your business will need to operate from day to day.

You need to do two things for the reader of your business plan in the operations section: show what you've done so far to get your business off the ground and demonstrate that you understand the manufacturing or delivery process of producing your product or service.

When you're writing this section of the operations plan, start by explaining what you've done to date to get the business operational, then follow up with an explanation of what still needs to be done. The following should be included:

Production Workflow

A high-level, step-by-step description of how your product or service will be made, identifying the problems that may occur in the production process. Follow this with a subsection titled "Risks," which outlines the potential problems that may interfere with the production process and what you're going to do to negate these risks. If any part of the production process can expose employees to hazards, describe how employees will be trained in dealing with safety issues. If hazardous materials will be used, describe how these will be safely stored, handled, and disposed.

Industry Association Memberships

Show your awareness of your industry's local, regional, or national standards and regulations by telling which industry organizations you are already a member of and which ones you plan to join. This is also an opportunity to outline what steps you've taken to comply with the laws and regulations that apply to your industry. 

Supply Chains

An explanation of who your suppliers are and their prices, terms, and conditions. Describe what alternative arrangements you have made or will make if these suppliers let you down.

Quality Control

An explanation of the quality control measures that you've set up or are going to establish. For example, if you intend to pursue some form of quality control certification such as ISO 9000, describe how you will accomplish this.

While you can think of the stage of the development part of the operations plan as an overview, the production process section lays out the details of your business's day-to-day operations. Remember, your goal for writing this business plan section is to demonstrate your understanding of your product or service's manufacturing or delivery process.

When writing this section, you can use the headings below as subheadings and then provide the details in paragraph format. Leave out any topic that does not apply to your particular business.

Do an outline of your business's day-to-day operations, including your hours of operation and the days the business will be open. If the business is seasonal, be sure to say so.

The Physical Plant

Describe the type, site, and location of premises for your business. If applicable, include drawings of the building, copies of lease agreements, and recent real estate appraisals. You need to show how much the land or buildings required for your business operations are worth and tell why they're important to your proposed business.

The same goes for equipment. Besides describing the equipment necessary and how much of it you need, you also need to include its worth and cost and explain any financing arrangements.

Make a list of your assets , such as land, buildings, inventory, furniture, equipment, and vehicles. Include legal descriptions and the worth of each asset.

Special Requirements

If your business has any special requirements, such as water or power needs, ventilation, drainage, etc., provide the details in your operating plan, as well as what you've done to secure the necessary permissions.

State where you're going to get the materials you need to produce your product or service and explain what terms you've negotiated with suppliers.

Explain how long it takes to produce a unit and when you'll be able to start producing your product or service. Include factors that may affect the time frame of production and describe how you'll deal with potential challenges such as rush orders.

Explain how you'll keep  track of inventory .

Feasibility

Describe any product testing, price testing, or prototype testing that you've done on your product or service.

Give details of product cost estimates.

Once you've worked through this business plan section, you'll not only have a detailed operations plan to show your readers, but you'll also have a convenient list of what needs to be done next to make your business a reality. Writing this document gives you a chance to crystalize your business ideas into a clear checklist that you can reference. As you check items off the list, use it to explain your vision to investors, partners, and others within your organization.

What is an operations plan?

An operations plan is one section of a company's business plan. This section conveys the physical requirements for your business's operations, including supply chains, workflow , and quality control processes.

What is the main difference between the operations plan and the financial plan?

The operations plan and financial plan tackle similar issues, in that they seek to explain how the business will turn a profit. The operations plan approaches this issue from a physical perspective, such as property, routes, and locations. The financial plan explains how revenue and expenses will ultimately lead to the business's success.

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Strategies for manufacturing: How to plan for the future

James humphreys.

Senior Content Manager

The reality is that very few manufacturing businesses will be successful without a solid strategy in place. But why are strategies for manufacturing important? How have they evolved, and what manufacturing strategies are easy for companies to implement?

In this article, we’ll answer all these questions and more.

What is a manufacturing strategy? 

A manufacturing strategy has been previously defined as “a long-range plan to use the resources of the manufacturing system to support the business strategy and, in turn, meet the business objectives. (Cimorelli and Chandler, 1996).  

The connection that binds all the eras together is manufacturing strategy. Whether it’s a humble artisan in a side-street pottery shop or a technological wiz-kid wanting to build a smart factory, they both need a manufacturing strategy.   

As already identified, strategies for manufacturing have been around for many years.   

The definition of a what is a manufacturing strategy has also been around for a long time. According to  Hayes and Wheelwright, 1984 , it is “a sequence of decisions that, over time, enables a business unit to achieve the desired manufacturing structure, infrastructure, and set of specific capabilities.”   

Nowadays, manufacturing strategy is often intertwined with a company’s digital strategy, with the tactical management of production and technology at the heart of everything a company achieves.  

As was noted by Gündüz Ulusoy back in 2003, formulating a  marketing strategy requires making three strategic choices  in three key areas: Competitive priorities, manufacturing objectives, and action plans.   

Competitive priorities include choices on:  

  • Quality levels  
  • Reliability  
  • Design change  
  • Deliveries   
  • New products  

Manufacturing objectives involve decision-making on:  

  • Unit costs  
  • Market share  
  • Profitability  
  • Product development time  

And action plans include making decisions about:   

  • Production  
  • Energy saving  
  • Employee empowerment  
  • Staff training  

Once these decisions have been made and a company’s priorities have been identified, an overarching marketing strategy can be formulated.   

The history of manufacturing strategy   

Whether you are a B2B (business-to-business) or a  D2C (direct-to-consumer) manufacturing company , the chances are high that you have a structured  manufacturing process  in place. Hopefully, this relates back to your manufacturing strategy. This relationship between process and strategy has existed for hundreds of years.  

The art of manufacturing has humble beginnings. Way before industrialization was conceptualized, skilled artisans worked to produce commodities. They relied on their craftmanship and secrecy to ensure that their products were in demand and couldn’t be copied.   

The first example of a manufacturing strategy was probably when forward-thinking artisans realized they could  sub-contract  their work to others, thus producing more products and increasing their profits.   

Manufacturing was transformed dramatically and definitively in the 18th century during the Industrial Revolution. The invention of machines that could do the work on a mass scale meant that industries such as glassmaking, mining, textiles , and agriculture could produce much more on a much cheaper scale. The mass production concept followed, bringing us to where we are today.   

Interestingly, we are on the brink of another transformation in the industrial sector, with the birth of the Fourth Industrial Revolution, 4IR, or Industry 4.0. This is the notion that interconnectivity, smart automation, and digital process management will considerably strengthen production flow, improve quality, and reduce costs. In short, the various parts of a supply chain will interact without human interference.  

This may seem almost like a sci-fi fantasy to some, but we are speeding quickly toward this new norm. Who knows what the future of manufacturing looks like? But, the reality is that strategies for manufacturing will always be a priority in the transformation of this fast-paced industry.   

Why is a manufacturing strategy important?   

A manufacturing strategy is the backbone of how a business operates when you break it down. To ensure your manufacturing strategy is aligned with the overall business strategy, it must be focused on:   

  • maximizing quality   
  • minimizing costs   
  • avoiding wastage  
  • improving flexibility   

All the while being motivated by more lofty goals such as increasing market share and profitability.   

Strategies for marketing  ensure that a company avoids inefficiencies, optimizes production, and ultimately reaches the goals it is aiming for.   

As Steve Lam, Senior Vice President of Patheon’s Biologics Business, states, whether you are processing  medicines ,  clothing ,  beauty products , or the latest  tech-gadgets , “considering your manufacturing strategy early on in development pays dividends down the line.”   

So why is a manufacturing strategy important? The answer to this is another question:   

Would your business survive without it? 

Easy strategies for manufacturing that companies can implement

When choosing a new manufacturing strategy, it’s important to remember it’s not a case of a one-size-fits-all approach but rather finding one that is relevant for your business.   

Just because a manufacturing strategy is world-class for some doesn’t mean it will be for others. Be sure to strategize with intent and ensure that your manufacturing strategy gives your company the competitive edge it needs in an increasingly competitive environment. Start by articulating your competitive advantage and then build your strategy around it.   

Every decision, from the machinery you use to the  automation system  you choose, needs to take you one step closer to maximizing that competitive advantage.  

So, what are some manufacturing strategy examples that you could implement? 

1. Adopt technology

It is crucial to have an agile IT function that can respond flexibly to your business’s demands. Identifying which technologies are applicable and useful to your manufacturing processes is often the first building block in a sturdy manufacturing strategy. Is there a service or app out there that you have not yet considered?  

2. Shrink your costs and production waste

This is a no-brainer. If your business has holes in its  manufacturing processes  that let money flow out of them, then this part of your manufacturing strategy must be robust. Production times, processes, and product quality are things that cannot be compromised on. 

3. Stock inventory

Adopting the  principles of lean inventory  saves you a fortune and gives you a serious competitive edge. Having a better understanding of your stock levels and responding to your customer’s needs more intuitively could result in huge improvements for your business. 

4. Automate your processes

The automation of day-to-day tasks can make your business leaner and more efficient. Services like  Katana cloud inventory platform  can be the bridge that finally connects your procurement, order processing, supply chain, customer service, production, and operations together. Automatically monitoring the movement of your inventory will minimize waste like never before. Furthermore, Katana’s software easily integrates with e-commerce platforms like  Shopify  and  WooCommerce  to reduce the risk of stock-outs and to keep your products moving to the customers who want them. 

5. Look to the future

Industry 4.0 is just the latest in many changes in the industrial and manufacturing world. Do your research and ensure your manufacturing strategies are robust yet flexible enough so you can pivot if you need to.  

Designing manufacturing strategies for success

Strategies for manufacturing are essential to keep a business moving. The most successful businesses over time have been the ones that have chosen strategies that support their long-term ambitions.  

Innovative software, visibility, and control are often the backbones of any successful manufacturing strategy, but how you implement these must be unique to your business.  

For example, adopting a  manufacturing ERP software  would be the perfect manufacturing strategy for businesses struggling to keep track of the movement of their inventory.  

The key is to be smart about it — Be sure to identify the manufacturing strategies that fit your business model right now and will help you to stay ahead of the competition in the future. Evaluating and measuring your success every step of the way will ensure that you can provide your customers with the products they need before they even know they need them! 

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Manufacturing Business Plan Template & Guidebook

Starting a manufacturing business is an exciting endeavor, but it can be daunting to know where to start. Fortunately, the #1 Manufacturing Business Plan Template & Guidebook provides entrepreneurs and businesses with a detailed roadmap for success. With this template and guidebook, you will have the guidance you need to plan for success and develop a comprehensive business plan that outlines your vision and strategy.

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  • How to Start a Profitable Manufacturing Business [11 Steps]
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How to Write a Manufacturing Business Plan in 7 Steps:

1. describe the purpose of your manufacturing business..

The first step to writing your business plan is to describe the purpose of your manufacturing business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a manufacturing business:

Our mission at [Company Name] is to be the premier provider of innovative, high-quality manufacturing solutions that meet our customers' needs, while delivering superior customer service and providing a safe and rewarding workplace for our employees.

Image of Zenbusiness business formation

2. Products & Services Offered by Your Manufacturing Business.

The next step is to outline your products and services for your manufacturing business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

  • What is my business?
  • What are the products and/or services that I offer?
  • Why am I offering these particular products and/or services?
  • How do I differentiate myself from competitors with similar offerings?
  • How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

Image of Zenbusiness business formation

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your manufacturing business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your manufacturing business includes the following elements:

Target market

  • Who is your target market?
  • What do these customers have in common?
  • How many of them are there?
  • How can you best reach them with your message or product?

Customer base 

  • Who are your current customers? 
  • Where did they come from (i.e., referrals)?
  • How can their experience with your manufacturing business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

  • How does it work, what features does it have, and what are its benefits?
  • Can anyone use this product or service regardless of age or gender?
  • Can anyone visually see themselves using this product or service?
  • How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

  • Which companies are competing with yours today (and why)? 
  • Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
  • What specific advantages does each competitor offer over yours currently?

Marketing channels

  • Which marketing channel do you intend to leverage to attract new customers?
  • What is your estimated marketing budget needed?
  • What is the projected cost to acquire a new customer?
  • How many of your customers do you instead will return?

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manufacturing plan in business plan

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

  • The equipment and facilities needed
  • Who will be involved in the business (employees, contractors)
  • Financial requirements for each step
  • Milestones & KPIs
  • Location of your business
  • Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a manufacturing business?

  • Manufacturing equipment
  • Raw materials
  • Safety equipment and supplies
  • Labor and skilled workers
  • Legal permits and licensing as required by local ordinance

5. Management & Organization of Your Manufacturing Business.

The second part of your manufacturing business plan is to develop a management and organization section.

This section will cover all of the following:

  • How many employees you need in order to run your manufacturing business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
  • The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
  • How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Manufacturing Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a manufacturing business varies based on many different variables, but below are a few different types of startup costs for a manufacturing business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your manufacturing business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your manufacturing business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your manufacturing business plan:

  • Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
  • Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
  • Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
  • Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
  • Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
  • Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

manufacturing plan in business plan

Frequently Asked Questions About Manufacturing Business Plans:

Why do you need a business plan for a manufacturing business.

A business plan for a manufacturing business is essential because it serves as a guide to help the business plan its activities and reach its desired goals. It provides important information such as market analysis, strategy, financial projections, and operational plans. Additionally, it can serve as an important tool to attract potential investors or lenders and help secure funding.

Who should you ask for help with your manufacturing business plan?

You should consult a qualified business consultant, accountant, and/or lawyer who specialise in assisting companies with their manufacturing business plans. Additionally, it is a good idea to reach out to trade organisations, industry bodies, and experts in the manufacturing sector for guidance.

Can you write a manufacturing business plan yourself?

Yes, you can write a manufacturing business plan yourself. Depending on the complexity of your plan, you may want to research best practices and consult experts in the field if necessary. When writing a manufacturing business plan, it is important to include a market analysis, competitive analysis, operations plan, financial projections, and strategic plan. Additionally, you should also include key objectives, milestones and management strategies.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

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Process Planning: Steps, Types & Benefits

ProjectManager

Manufacturers need to have a process by which to make or assemble their products. Before they go into production, therefore, they must engage in what’s called process planning. This is an important step before manufacturing and must be thoroughly understood.

Learn what process planning is, including why it’s so important and the different types there are. Then find out the steps to process planning and see what a manufacturing process plan is and why it’s beneficial to production.

What Is Process Planning?

Process planning is how manufacturers determine the sequence of operations that they’ll take to produce a part or make an assembly leading to the finished goods. When working in a job shop that produces one-of-a-kind products or where the same product is mass-produced, process planning is incredibly important.

But all manufacturers benefit from process planning. That’s because process planning is basically the bridge between product design and product manufacturing. The purpose of process planning is to develop the most efficient sequence of operations. This includes having the right equipment and tools and meeting product requirements and specifications.

All of this is done with the goal of reducing costs and increasing productivity. Manufacturers have two ways to achieve these goals; one is manual process planning and the other is using software to aid in process planning.

ProjectManager is award-winning software that helps manufacturers with process planning by using visual workflow tools such as our kanban boards. You can create custom workflows and even automate workflows by setting up triggers that automate actions and add efficiency to your production line. To ensure that only quality moves forward, create task approvals and only authorized managers will be able to approve the job. Get started with ProjectManager today for free.

ProjectManager's kanban board

Benefits of Process Planning

Any kind of planning is always important in manufacturing or, frankly, any industry. You never want to wing it, not when there are money and people’s livelihoods involved. But that’s just a general benefit, there are more specific reasons why manufacturers want to use process planning.

For one, it helps manufacturers evaluate other ways of operating when it comes to the production of their goods. That way they can look at where they’re maximizing resource utilization and how they can better optimize throughput from the start of the production life cycle. In other words, they can better strategize their manufacturing operations to deliver on their goals.

Process planning also gives manufacturers the flexibility to quickly shift production if they find a better way of doing things, such as increasing production efficiencies. It also helps deliver consistent quality over multiple production lines or plants. That means reducing the time to market, which improves customer satisfaction and retention.

Types of Process Planning

There are three main types of process planning: manual process planning, computer-aided process planning and generative process planning. Let’s take a moment to explore each of these.

Manual Process Planning

Also known as man-variant process planning, this is the most commonly used type of process planning. A process planner will select the combination of processes needed to produce the finished part. These are engineering drawings that define the part requirements and the availability and capabilities of machines and processes. The selection leads to criteria, such as production costs or time, machine utilization and routine will also impact the plan. Usually, the criteria are based on a family of parts rather than the processes and machines needed to produce a single part.

Computer-Aided Process Planning

This is a more efficient type of process planning, less tedious and less likely to make mistakes. Automating process planning systems removes the human element in the steps between preparing engineering drawings and finishing the process plan for all manufacturing operations. There still must be human oversight to ensure compatibility with the available processes. Whether to turn, mill or stamp is determined by the product requirements , quantities ordered and capabilities of the processes. This still reduces process planning time, and the skills required of a process planner and makes for more consistent and accurate plans that increase productivity and reduce costs.

Generative Process Planning

Generative process planning takes in-process information and uses it to automatically create a process plan for a new component. This information is pulled from manufacturing databases and doesn’t involve much human oversight. After reviewing the design, the operation sequence is automatically produced. Of course, the software must be encoded with knowledge of manufacturing. In fact, machine selection, tool selection, process optimization and more can also be automated by this system. There are hurdles to clear, however, such as transforming component data and decision rules into the system.

What Is a Manufacturing Process Plan?

A manufacturing process plan defines the steps from product design and development to the manufacturing processes used to create the finished product. It includes operation sequencing, machine process planning, assembly process planning and assembly line planning.

What Should You Consider When Creating a Process Plan?

When you’re putting together a process plan, you’ll want to be flexible. For example, you might need to restructure the engineering bill of materials (all materials and instructions needed for assemblage) so that it reflects the realities of your manufacturing situation. Some assemblies will be made in-house and others not. The process plan needs to bring all this together in one plan.

You’ll also have to think about new relationships between parts. Processes that have multiple parts need to have specific steps in order to be properly completed. Therefore, you’ll have to manage three aspects; the resources, tools and machines you’re using in your production process . These will be used in different relations to one another depending on the assembly.

There’s also the manufacturing bill of materials, which is different from the engineering bill of materials. That’s because manufacturing involves the complexity of turning one unique structure into another. These steps must be clearly planned out in order not to miss something important.

The manufacturing process plan must also meet the engineering parts, CAD visuals, requirements, deliverables and other assets’ quality expectations. Therefore, the plan must provide information in order to ensure that these processes are accurate and efficiently done while providing transparency to other teams, such as engineering, in the overall process.

Screenshot of the inline banner ad for the manufacturing ebook by ProjectManager

Process Planning Steps

In order to implement your process plan, you have to follow a number of steps. Following these steps helps find the most efficient path from product design to product manufacturing in order to accomplish your objectives. Below are the basic steps you should take.

1. Identify Inputs and Outputs of Your Manufacturing Process

Inputs are the materials and other resources that you’ll use to create the finished product. These can be labor, materials, facilities, equipment and so forth. The outputs are the finished products that’ll be delivered to customers. Therefore, it’s crucial to understand what will go in and come out of your manufacturing process to manage that process, reduce waste and increase productivity.

2. Map Out Your Workflows

The workflow maps the activities that will achieve a certain result. This is a crucial part of the process plan as it visualizes processes from start to finish and helps make clear each step in that path, including resources needed to complete the work. It’s also a quality assurance measure as workflows are repeatable and consistent in producing your products.

3. Create Documentation for Production Operators

These documents include everything from production prints to schematics and circuit layouts for associated electronics. You’ll also want to create a bill of materials to gather all the resources needed to build your product and directions for how it will be assembled. Other documentation includes status reports, invoices, batch records to identify job numbers and personnel.

4. Train Your Employees

Plan training and exercises for your personnel. This is an important step to make sure everyone knows what they have to do and how they should do it. This step is critical to building confidence in your workforce as well as motivating them to do their jobs well.

ProjectManager Helps With Process Planning

Process planning takes users’ instructions and from there figures out what is necessary to turn inputs into outputs. That process is facilitated by project management software that can help you track schedules and monitor progress. ProjectManager is award-winning software that gives you the tools you need to plan, manage and track production in real time. Our tool gives you the features you need to sequence operations and prepare for manufacturing and then make sure you’re staying on track during production.

Track Production Schedules With Gantt Charts

Production schedules rely on resource planning, estimation and forecast demand as well as knowing your inventory and monitoring progress. Our robust Gantt charts allow you to organize tasks, resources and costs. Then you can set a baseline to capture the process plan and be able to compare it to your actual progress in real time. Now you can quickly catch issues that are causing delays and easily adjust the Gantt chart to make production more efficient.

Monitor Progress & Budgets With Real-Time Dashboards

Of course, once production is running, process planners need to keep an eye on progress to make sure everything is going as planned. Setting the baseline in the Gantt means that you can monitor production from various tools on our software. For instance, you can get a high-level view of production on one or all of your projects with the real-time dashboard . It automatically collects data and displays metrics such as time, cost, workload and more in easy-to-read graphs and charts. Unlike lightweight tools, there’s no time-consuming configuration required, even with our portfolio dashboard that shows metrics across all of your projects.

ProjectManager's portfolio dashboard

There are other tools that can help with process planning. For example, our customizable reports are easy to generate and provide more detail on aspects of production, such as timesheets, variance and status reports. All can be filtered to focus only on the data you’re interested in to better run your production line. Reports can also be shared in a variety of formats or printed out to keep stakeholders updated.

ProjectManager is online project management software that empowers process planners to plan, manage and track production in real time. There are also task management, resource management and risk management features that keep manufacturing running smoothly. Get started with ProjectManager today for free.

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Manufacturing Business Plan Template

Manufacturing Business Plan Template

What is a Manufacturing Business Plan?

A manufacturing business plan outlines the objectives, initiatives, and goals of a manufacturing business. It is used to guide the development and execution of a business strategy and to monitor progress towards achieving desired goals. The plan should address all aspects of the business, including marketing, production, personnel, operations, and financials.

What's included in this Manufacturing Business Plan template?

  • 3 focus areas
  • 6 objectives

Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.

Who is the Manufacturing Business Plan template for?

This Manufacturing Business Plan template is designed to help manufacturers of all sizes and industries create a plan to launch, run and grow their business. It provides a framework to clearly define and measure the objectives, actions, and measurements that are necessary for success.

1. Define clear examples of your focus areas

A focus area is an area of your business that requires extra attention in order to achieve success. Examples of focus areas can include increasing operational efficiency, improving product quality, or strengthening financial management.

2. Think about the objectives that could fall under that focus area

An objective is a goal that you want to achieve within a specific focus area. For example, under the focus area of operational efficiency, the objective could be to reduce shipping wait time.

3. Set measurable targets (KPIs) to tackle the objective

KPIs, or key performance indicators, are metrics that help to measure the success of the objectives. For example, to measure the success of the objective to reduce shipping wait time, the KPI would be to decrease the average shipping wait time by 30%.

4. Implement related projects to achieve the KPIs

Projects, or actions, are the steps necessary to achieve the KPIs. For example, to achieve the KPI of reducing the average shipping wait time, the action would be to analyze the current shipping process.

5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy

Cascade is a strategy execution platform that makes it easy to plan, implement, and track progress towards achieving your manufacturing business plan. With Cascade, you can create strategies, assign tasks, track progress, and quickly see the results of your efforts.

manufacturing plan in business plan

Updated on September 27, 2023

Manufacturing Business Plan: How to Draft One

Sarah Sharkey

A business plan serves as your roadmap to success. Starting a manufacturing business without a business plan is like driving off on a road trip without a destination in mind. It’s critical to put time and effort into building a worthwhile business plan. We will explore how to build a manufacturing business plan. Plus, explore why you need one in the first place.

Key Points: A business plan is a document you create as a roadmap to your business goals.  You can use your business plan to brainstorm solutions for potential problems on paper.  While you will likely make adjustments along the way, a business plan puts you on the path to success. 

Understanding Manufacturing Business Plans

Businesses of all shapes and sizes create business plans. Without a business plan, you are essentially flying blind as you build out your business. A carefully thought-out business plan can help you avoid potential pitfalls. 

What’s the Purpose of a Manufacturing Business Plan?

A manufacturing business plan is a document that will help you chart a course to success.

  • Chart a course to success : You can use this document to define success and make a clear path to achieving those goals. 
  • Consider potential challenges : You can use the document to find solutions for problems before they throw a wrench in your business. 
  • Showcase your idea : While potential investors and lenders might ask to see this document, it’s also a useful tool for business owners to outline their vision of success. 

Who Needs a Manufacturing Business Plan?

Everyone who wants to build a manufacturing business should create a manufacturing business plan. Here’s a look at the process:

  • Getting started : If you are just diving into your business idea, a business plan serves as a useful way to organize your thoughts. 
  • Along the way : If you jumped into your business without creating a plan, it’s never too late. Consider building a business plan from where you currently are. 

Important Factors to Consider When Writing a Business Plan for a Manufacturing Company

As you write your business plan , keep these factors in mind.

  • Patience : It can take time to build out a comprehensive business plan. That’s okay. Be patient with yourself throughout the process. 
  • Stay flexible : Your business will not operate in a vacuum. When things change, stay flexible and make any necessary adjustments along the way. 

Essential Elements of a Manufacturing Business Plan

Every manufacturing business plan should include some basic elements. Below is a breakdown of what should be included. 

Executive Summary

An executive summary involves a short description of your manufacturing business.

  • Why it matters : You can use the executive summary to make a good impression on readers. 
  • What to include : Get the ball rolling by providing your mission statement, a summary of your business financial situation, and the products you plan to manufacture.
Chase the vision, not the money, the money will end up following you. – Tony Hsieh, Zappos CEO

Business Description

A description of your business goes beyond your goals, it gets into a detailed description of the products you plan to offer.

  • Why it matters : Even if you don’t have a physical product in hand, this section should illuminate exactly what you plan to sell. Anyone who reads this document should know exactly what you are selling. 
  • What to include : Share what makes your product special, from a customer’s point of view. While this idea might be your baby, you need to create a product that customers want to buy.
The only thing worse than starting something and failing… is not starting something. – Seth Godin, Squidoo founder, author and blogger

Market Analysis

An overview of the competition can help you understand where your business can stand out.

  • Why it matters : Scope out the competition to determine where you can outshine your competitors. For example, if your competitors are missing a key product feature, try to include that in your product. 
  • What to include : Find statistics about the industry, potential customer demographics, and current industry trends. 

Marketing and Sales Strategies

You don’t have a business until you make sales to your customers.

  • Why it matters : Outline exactly how you plan to get your product into the hands of eager customers. 
  • What to include : Build out a strategy on how you plan to reach customers and make sales. Maybe you already have a list of people who have asked about this type of product, or you know exactly where your target customer hangs out online. 

Operational Plan

The operational plan includes how you plan to go from idea to delivered product.

  • Why it matters : Manufacturing businesses rely on efficient operations to create worthwhile profits. 
  • What to include : Map out how you will get your hands on a physical product that meets all of your requirements. Don’t forget to write down the final steps of getting that physical product in your customer’s hands. 

Management and Organization

The right team can make all the difference to your business.

  • Why it matters : Any potential investors or lenders will want to confirm your team has the necessary experience to succeed. 
  • What to include : Start by highlighting any management team members. From there, include an organizational hierarchy that highlights any decision-makers and a complete staffing plan. 

Financial Projections

Finally, your business plan should include some basic financial projections.

  • Why it matters : Anyone with a stake in the company, including yourself, wants to know what the potential rewards are. 
  • What to include : Share your financial projections in great detail. At the very least, you should include any manufacturing loans , equipment financing plans , start-up costs, revenue projections, a sample profit and loss statement, a balance sheet, and a break-even analysis. Be realistic when tallying up any of these numbers. 

Best Equipment Financing Companies

Benefits of Having a Manufacturing Business Plan

  • Providing a roadmap : A business plan gives you some direction to aim for as you build your business.
  • Attracting investors and securing funding : Investors and lenders will want to see a carefully developed business plan before committing to any funding. 
  • Guiding day-to-day operations and decision-making : As you build the business, you can refer to this document as a guide when it’s time to make decisions. 
  • Mitigating risks : You can potentially spot problems before hitting the obstacle in real life. This gives you a chance to think of effective solutions. 
  • Identifying opportunities : When you evaluate the market, you should look for any opportunity to stand apart from the crowd. 
  • Monitoring progress and setting measurable goals : It’s easy to get lost in the process of building your business. A written plan gives you a way to measure your progress.
Anything that is measured and watched, improves. – Bob Parsons, GoDaddy founder

How to Write a Manufacturing Business Plan

As you build out your business plan, here are some steps to follow:

  • Start with a template : A free online template can give you a starting point if you aren’t sure where to get started. 
  • Visualize success : As you write out each section, you should keep your vision of success in your mind’s eye. Consider building a vision board to keep on hand during the process. 
  • Make the time : It will take time and energy to build a worthwhile business plan. Give this task the time it deserves. 

Tips for Crafting a Compelling Manufacturing Business Plan

  • Do your homework : Back up all of the claims you make in your business plan with facts. A business plan isn’t the place to dream, it’s the place to set realistic goals. 
  • Focus on your competition : A close look at your competition is a useful way to see where you can make your own mark on the industry. Look for gaps in their strategy that you could fill for customers. 
  • Be conservative with your numbers : It’s better to exceed expectations than to miss the mark. 
  • Ask for help : If you run into questions, reach out to a mentor for help. 

Mistakes to Avoid When Creating Your Manufacturing Business Plan

  • Don’t skip legal advice : The legal structure of your business might require a professional opinion. It’s a good idea to reach out to professionals with any questions you have. 
  • Don’t skimp on the numbers : The financial projections are a key component of your business plan. Always be realistic and honest with yourself as you build out these projections. 
  • Avoid industry jargon : Anyone should be able to understand your vision when they read your business plan clearly. 

Bottom Line

A manufacturing business plan offers a roadmap that points to your ultimate business success. It’s tempting to do a sloppy job on this document that only you might read. But it’s critical to do your research and organize your thoughts in a business plan. If you are starting a manufacturing business , don’t skip this step. 

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Manufacturing Business Plan Template [Updated 2024]

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Manufacturing Business Plan Template

If you want to start a Manufacturing business or expand your current Manufacturing company, you need a business plan.

The following Manufacturing business plan template gives you the key elements to include in a winning Manufacturing business plan.

You can download our business plan template (including a full, customizable financial model) to your computer here.

Below are links to each of the key sections of a sample manufacturing business plan. Once you create your plan, download it to PDF to show banks and investors.

I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan

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Manufacturing Business Plan Home I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan

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[Infographic] 4 Steps in Developing a Manufacturing Plan

  • Food process & packaging engineering
  • Strategic planning

[Infographic] 4 Steps in Developing a Manufacturing Plan: Strategic planning for food processors series

A manufacturing plan is a key piece of your food business’ overall strategic plan. Your manufacturing plan is a clear set of actions driven by gaps and discoveries from your manufacturing analysis, or the analysis of your business’ manufacturing processes.

It defines what your manufacturing strategy will look like in the future, whether it’s multiple facilities, renovations or even consolidating operations or products.

The goal is to ensure the appropriate technology is in place and to optimize current production practices to meet your sales goals. Developing the manufacturing plan helps identify where constraints exist and highlights areas to improve production efficiency.

[Infographic] 4 Steps in Developing a Manufacturing Plan: Strategic planning for food processors series

To learn more about strategic planning, download our e-book The Strategic Planning Guide for Food Processors.   

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manufacturing plan in business plan

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There are plenty of emerging and traditional industries in need of equipment manufacturers. Companies that can do it better, faster, cheaper, or more specifically to suit their needs.

If you’re familiar with a specific industry and have ideas to improve manufacturing, you may want to consider starting a business. Download one of our machine and equipment manufacturing sample business plans today to get started.

If you’re looking to develop a more modern business plan, we recommend you try LivePlan . It contains the same templates and information you see here, but with additional guidance to help you develop the perfect plan.

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Manufacturing Business Plan

JUL.06, 2013

manufacturing plan in business plan

Do you want to start a Manufacturing business plan?

Have you been thinking about starting a manufacturing business? It’s a great plan if you are. Some of the most profitable businesses happen to be in the manufacturing line. So, you don’t need to worry about market involvement. However, to create a successful business, you will need a manufacture business plan.

Though it is very profitable to start a manufacturing business, you need some money to get it off the ground. If you have enough money, then you’re set. However, if you need capital, you need to apply for a bank loan for business.

Once you’re all set with the financial part of the business, you need to start developing a business plan. You can learn how to write a manufacturing business plan by taking help from this document.

Executive Summary

2.1 the business.

Henry Works will be a startup manufacturing business plan started and owned by Henry Langerman. The business will provide manufacturing services to people in and around Oregon. It will offer services like the development of manufacturing chains in different companies. It will also handle manufacturing for small-scale companies while consulting with medium-level businesses.

2.2 Management of Manufacturing Company

Provided that you have an idea, you will need a manufacturing business plan proposal to make that idea a reality.

For guidance, you can go through manufacturing business plan examples or even a woodworking business plan . You can also take help from an investment group in this business as they can guide you better in the financial aspect of the business.

In this manufacturing business plan pdf, we are providing all the necessary details necessary to make a business successful from the start.

2.3 Customers of Manufacturing Company

The customers of Henry Works will primarily be other businesses who will buy raw manufactured material from Henry Works and develop it the way they want at their end. Our main customer groups, in this case, will be:

  • Distributors/Wholesalers
  • Production/Merchandising Companies
  • Smaller Manufacturing Units

2.4 Business Target

Our primary goal is to become a trustworthy manufacturing business that can cater to the needs of its customers at all times.

The monetary targets we want to achieve within the first five years of starting are as follows:

Manufacturing Business Plans-3 Years Profit Forecast

Company Summary

3.1 company owner.

Henry Works will be owned by Henry Langerman, who completed his MBA four years ago. After graduation, he was attached to a large consulting and manufacturing company for three years, where he learned all the fundamental principles of business in the real world. He then left his job for helping his dream of manufacturing business to start.

3.2 Why the Manufacturing company is being started

During his BA, Henry had noticed that it is costly to come by bulk material in Oregon. And after some research, he understood that it was because of a lack of manufacturing businesses around Oregon. Therefore, he decided to start working on a business continuity plan template for manufacturing.

3.3 How the Manufacturing company will be started

Step1: Plan Everything

Before starting a business, you need to develop a good business plan. Whether it is a business plan for a metal casting shop or a manufacturer business plan, it will guide you in starting up your business.

If you are wondering how to write a business plan pdf manufacturer for your business, you can take help from this business plan. For general guidance, you can also refer to a business plan written for sewing or a small manufacturing business plan. Through these business plans, you will plan out all the major stages of starting your business. And this will help you be prepared for anything that may come up.

Step2: Define the Brand

Recognition is key to a successful business. You need to ensure that your customers pay attention to your products and services. Therefore, you will have to establish a brand for your business that will attract your customers to your business.

Step3: Establish Your Corporate Office

Henry decided to buy a warehouse in the outskirts of Oregon to start his manufacturing business. He will now determine the inventory needed to start the company and the workforce required.

Step4: Establish a Web Presence

Social media and general online presence have become necessary to the existence of a business nowadays. Therefore, Henry will not only have a website developed for his business, but he will also hire a social media manager to keep up a business profile for Henry Works on all Social Media platforms.

Step5: Promote and Market

The final step in starting a business is to promote it through a stellar marketing plan.

Manufacturing Business Plans-Startup Cost

To start a manufacturing business, you need to figure out the services you will provide to your customers. That way, you can plan the steps of developing your startup manufacturing ideas in a better way.

A strong business manufacturing plan will help you map out your business to make it more efficient. There are many types of manufacturing business, and each has its services. Therefore, you can take help from this manufacturing business plan template to develop your plan. Alternatively, you can also take help from other business plans like solid semiconductor business plan etc. for further guidance.

For business ideas manufacturing of Henry Works, the primary services are listed below:

  • Production of Raw Materials

We will offer manufacturing services to produce refined raw materials that can be used for developing other products. These raw materials will vary depending on our contracts with customers.

  • Specialized End-Product Development

Henry Works will also offer the production of end-products with complete packaging facilities. However, if the product development involves complex or specific-domain processes, the work will be outsourced for retaining the best quality.

We will offer consulting services to manage production and supply chains for medium and large-scale companies so that they can obtain maximum efficiency at each stage.

  • Development of Manufacturing Chains

We will offer services to develop and deploy a production chain that they can easily keep track of and stay independent for our small-scale business customers.

Marketing Analysis of Manufacturing Company

When you have decided to open a business, you will need to write a business proposal for manufacturing with a solid marketing analysis. Just like any other business, starting manufacturing business requires you to have an in-depth knowledge of your customers and market positions.

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For writing a business continuity plan template manufacturing, you will need to pay attention to not only present market analysis but also information of past and future. If you want, you can take help from logging company business plan or diamond business plan or any other thorough business plan for further guidance.

Your business plan will help you identify your customer base, services, and how to attract the two. Therefore, focus on manufacturing definition business when developing your marketing plan.

Here, we have detailed the marketing plan and its details for Henry Works:

5.1 Market Trends

According to IBISWorld, there are more than 636000 manufacturing businesses, and they are increasing at a steady rate of 3.6% per year. According to NAM, the manufacturing industry also holds a market share of 11.39%. It means that the demand for manufacturing businesses is not going down any time soon. And you will have a good standing in the market for your business which will not decline in the coming years.

5.2 Marketing Segmentation

The potential customers of Henry Works are divided into the following groups:

Manufacturing Business Plans-Marketing Segmentation

5.2.1 Distributors/Wholesalers

Our primary customers will be distributors or wholesalers to provide raw materials or finished products. These companies usually buy and sell in bulk, so they are expected to avail of our services frequently.

5.2.2 Retailers

Our second biggest customers will be retailers. We intend to sell to retailers directly for getting our products to the general public. We will also agree on contracts with retailers to produce products of their choice. Therefore, we expect to receive a fair amount of attention from these stores and companies.

5.2.3 Production/Merchandising Companies

Production and merchandising companies need raw materials to produce their specified merchandise. Therefore, we expect these customers to require our services quite often.

5.2.4 Small Manufacturing Units

Lastly, we will also offer our supplying and consultation services to smaller manufacturing units around Oregon to aid their production.

5.3 Business Target

  • To become the most reliable manufacturing business in Oregon.
  • To expand our business and open branches in other states of the US.
  • To approach a net profit of $90k/month by the end of the first three years
  • To achieve customer satisfaction above 90%.

5.4 Product Pricing

Our prices will be much lower than the imported materials brought into Oregon from other states. However, the quality will be the same or better but not lower. It will be one of the main standout points of Henry Works.

Marketing Strategy

To stand out amongst your competitors, you need to offer several advantages to your customers that the competition cannot. For this, you will need to refer to a business plan for manufacturing company. For general reference, you can also take help from business plan manufacturing and operations plan or business plan coal mining company .

Even If you want to open a small manufacturing business at home, you will still need a strong marketing strategy to make your business a success.

6.1 Competitive Analysis

  • We provide the option of contracts to our customers to produce customized materials.
  • We have fantastic customer service. We will cater to all the customer’s needs and issues and ask for feedback for further improvement.
  • We will use green practices and machines for the production of goods.
  • Our customers can book appointments with us through our website or reach out to us on our social media.

6.2 Sales Strategy

  • We will advertise our company through Google Ads, billboards, word of mouth, and social media.
  • We will offer wholesale prices to our customers with the best quality.
  • We will also offer discounts to our first-time customers.
  • Our customers can also reach out for a contract entailing the production of customized end-products.

6.3 Sales Monthly

Manufacturing Business Plans-Sales Monthly

6.4 Sales Yearly

Manufacturing Business Plans-Sales Yearly

6.5 Sales Forecast

Manufacturing Business Plans-Unit Sales

Personnel plan

There are a lot of manufacturing ideas in the USA. But only a few are successful. That is because the value of a business is determined not only by the quality of its products but also by its workforce. Henry knew the importance of good employees. So, he incorporated strict criteria for selecting all company employees within the manufacturing business plan sample pdf.

7.1 Company Staff

  • 1 Co-Manager to help in overall operations
  • 8 Certified Machinery Operators
  • 5 CIMS Certified Commercial Cleaners
  • 2 Technicians to maintain the machinery
  • 1 Web Developer to manage the online site
  • 1 Sales Executives to organize and promote sales
  • 1 Accountant
  • 1 Receptionist

7.2 Average Salary of Employees

Financial plan.

When writing a business plan for manufacturing, you also need to focus on the monetary details. There are a lot of low cost manufacturing ideas in the world, but not all of them are beneficial to your business. Therefore, to ensure your company’s efficient and smooth working, you need to develop a detailed financial plan. A financial plan will guide you in managing the available resources in your company, thereby preventing your business from becoming a manufacturing business for sale after significant losses.

Here we’re providing the detailed financial plan made for Pro Cleaning Services so that you can get an idea of the business finances.

8.1 Important Assumptions

8.2 break-even analysis.

Manufacturing Business Plans-Break-even Analysis

8.3 Projected Profit and Loss

8.3.1 profit monthly.

Manufacturing Business Plans-Profit Monthly

8.3.2 Profit Yearly

Manufacturing Business Plans-Profit Yearly

8.3.3 Gross Margin Monthly

Manufacturing Business Plans-Gross Margin Monthly

8.3.4 Gross Margin Yearly

Manufacturing Business Plans-Gross Margin Yearly

8.4 Projected Cash Flow

Manufacturing Business Plans-Projected Cash Flow

8.5 Projected Balance Sheet

8.6 business ratios.

  • What are manufacturing plans in a business plan?

Manufacturing plans are just details laid out in a manufacture business plan that tell you how a business will operate.

  • How can I start my manufacturing business?

To start manufacturing business plan, you have to figure out all the details of how your business will operate. For this, a business plan is usually drafted. For more information, you can refer to the template above.

  • What is an example of a manufacturing business?

There are different kinds of manufacturing businesses. One manufacturing business example is of electronics manufacturing business.

  • What are the 3 types of manufacturing businesses?

There are 3 types of manufacturing business:

  • Make-to-Stock (MTS)
  • Make-to-Order (MTO) 3. Make-to-Assemble (MTA)

Download Manufacturing Business Plan Sample in pdf

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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Business Journal Daily | The Youngstown Publishing Company

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Growth Report 2: Dearing Puts in Motion Long-term Plan

By Becky Wall CEO, Dearing Compressor & Pump Co.

YOUNGSTOWN, Ohio – As Dearing Compressor & Pump Company has evolved over the years, the company vision to operate as a family enterprise rooted and connected to the community has remained constant.

In 2023, the Dearing team worked hard to deliver positive financial results in a business climate complicated by labor and materials shortages, rising interest rates and high inflation. We are proud to report we came out on top. After being trampled from the post-pandemic world, we were sold to capacity for the first time since 2019.

The long-term plan for the next wave of business was put in motion and the company made major investments in technology, manufacturing equipment, vehicles for our field service business and, most important, our workforce.

NetSuite ERP, a cloud-based business management solution, was implemented to operate more effectively by automating core processes and providing real-time visibility into operational and financial performance.

The new oil and gas equipment sold in the last decade in the Marcellus and Utica shales is aging and requires comprehensive maintenance. To support this expanding aftermarket, a mechanics service crane truck was purchased.

After the multiyear supply chain issue that plagued the automotive industry, inventory started to improve in 2023 and we were able to obtain vehicles for our field service fleet. 

Going forward, there are immediate plans to expand our footprint at the Boardman campus by replacing third-party services with a dedicated in-house team to better meet the needs of our clients in terms of quality and reliability.

We are living in turbulent times in 2024.  Dearing will continue our recovery and growth by staying focused on advancing technologies, attracting talent, retaining great workers and increasing safety and sustainability.

Pictured at top: Employees gave $10,000 Jan. 10 to Youngstown Blue Coats, a nonprofit that helps the homeless. The money was raised from a raffle at the company’s holiday party.

Published by The Business Journal, Youngstown, Ohio.

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Can a healthier plant-based burger combat falling US sales? Beyond Meat hopes so

This image provided by Beyond Meat shows packaging for the latest iteration of the plant-based Beyond Burger. Beyond Meat, which has been struggling with falling U.S. demand, reformulated its burger to contain less fat and more protein. (Beyond Meat, Inc. via AP)

This image provided by Beyond Meat shows packaging for the latest iteration of the plant-based Beyond Burger. Beyond Meat, which has been struggling with falling U.S. demand, reformulated its burger to contain less fat and more protein. (Beyond Meat, Inc. via AP)

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Beyond Meat is revamping its signature plant-based burger, hoping that healthier ingredients will help it boost flagging U.S. sales.

The El Segundo, California-based company said Wednesday its new Beyond Burger patties and Beyond Beef grounds cut saturated fat by 60% by switching from canola and coconut oils to avocado oil. The new beef products also have less sodium and more protein.

The new products go on sale in the U.S. this spring.

Beyond Meat has updated its products before; this is the fourth generation of the Beyond Burger. But Beyond Meat Founder and CEO Ethan Brown said this is the biggest leap forward the brand has made since the Beyond Burger went on sale in 2016.

A person walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, Feb. 26, 2024, in Tokyo. Asian shares mostly declined Monday, although Tokyo's benchmark Nikkei 225 index touched another record high in morning trading. (AP Photo/Eugene Hoshiko)

Brown said the company spent years developing the new recipe with input from nutritionists and doctors, trying to provide the benefits of plant-based eating in a burger that mimics the taste and texture of animal meat.

“Health is one of the top drivers to the plant-based meat category, and we feel a deep responsibility to deliver on that expectation for the consumer,” Brown told The Associated Press.

Beyond Meat is also under pressure to reverse declining U.S. sales . In the first nine months of 2023, the company’s U.S. revenue dropped 34% on weak consumer demand. The company said in November it was cutting 19% of its workforce and considering cutting some products, like jerky, and reducing its operations in China.

Beyond Meat’s sales have been rising in Europe, where it sells burgers and nuggets at McDonald’s. In the first nine months of last year, its international revenue rose 17%. But that hasn’t been enough to offset the U.S. losses. McDonald’s has tested Beyond Meat burgers in the U.S. but hasn’t made them a permanent menu item.

Inflation is one reason U.S. buyers turned to cheaper sources of protein in recent years. But U.S. consumers’ doubts about the health of plant-based meat – fed partly by advertising from the meat industry – has also been a consistent problem. The outgoing Beyond Burger contains 25% of the recommended daily intake of saturated fat, for example, and 17% of the recommended intake of sodium.

The new Beyond Burger significantly improves that health profile. It has 2 grams of saturated fat, or 10% of the recommended daily intake, and 14% of the recommended intake of sodium. A single patty has 230 calories, which is the same as the outgoing burger.

For comparison, a Kroger-brand 80/20 beef patty has less sodium but 9 grams of saturated fat — or 45% of the recommended intake — and 290 calories. The new Beyond Burger also has less saturated fat and sodium and than its chief plant-based rival, Impossible Foods’ Impossible Burger.

Beyond Meat – which has always used pea protein to make its burgers -- added lentils, rice and faba beans to the new burger to improve chewiness and boost protein. The burgers now have 21 grams of protein, compared to 19 grams of protein in both the 80/20 beef patty and the Impossible Burger.

Beyond Meat’s shares rose nearly 4% in morning trading Wednesday. The company reports its full-year 2023 earnings on Feb. 27.

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First Published: Feb 24 2024 | 11:59 PM IST

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  1. Manufacturing Business Plan

    Manufacturing Business Plan 1.0 EXECUTIVE SUMMARY 1.1 COMPANY 1.2 PRODUCTS & SERVICES 1.3 MARKET ANALYSIS 1.4 STRATEGY & IMPLEMENTATION 1.5 MANAGEMENT 1.6 FINANCIAL PLAN 1.7 SOURCES & USE OF FUNDS 2.0 COMPANY 2.1 COMPANY & INDUSTRY 2.2 LEGAL ENTITY & OWNERSHIP 2.3 COMPANY HISTORY TO DATE 2.4 FACILITIES 2.5 KEY ASSETS 3.0 PRODUCTS/SERVICES

  2. Manufacturing Business Plan Template (2024)

    Manufacturing Business Plan You've come to the right place to create your Manufacturing business plan. We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Manufacturing companies.

  3. Creating a Manufacturing Business Plan: the Ultimate Guide

    A manufacturing business plan is a formal document that outlines the goals and objectives of your business. It includes detailed information about your: Products or services Target market Marketing strategy Financial projections Operational details

  4. Manufacturing Business Plan Template

    Manufacturing Business Plan Over the past 20+ years, we have helped over 7,000 entrepreneurs and business owners create business plans to start and grow their manufacturing businesses. On this page, we will first give you some background information with regards to the importance of business planning.

  5. Production Planning in Manufacturing: Best Practices for Production Plans

    Production planning is the process of deciding how a product or service will be manufactured before the manufacturing process begins. In other words, it is how you plan to manage your supply chain, raw materials, employees and the physical space where the manufacturing process takes place.

  6. Manufacturing & Wholesale Business Plan Examples

    Electronic Engineering Business Plan. Heavy Equipment Maker Business Plan. Internet Media Advertising Business Plan. Machine Tooling Business Plan. Manufacturing - Custom Parts Business Plan. Solar Water Heater Distributor Business Plan. Surveyor Instrument Business Plan. Tracking Device Maker Business Plan.

  7. Manufacturing Business Plan

    Manufacturing Business Plan Example Outline This is the standard business plan outline which will cover all important sections that you should include in your business plan. Executive Summary Business Profile Summary Market Research Summary Marketing Summary Finance Summary Net Income Business Description Business Overview Business Description

  8. How To Write the Operations Plan Section of the Business Plan

    You need to do two things for the reader of your business plan in the operations section: show what you've done so far to get your business off the ground and demonstrate that you understand the manufacturing or delivery process of producing your product or service. Stage of Development Section

  9. Strategies for manufacturing: How to plan for the future

    A manufacturing strategy has been previously defined as "a long-range plan to use the resources of the manufacturing system to support the business strategy and, in turn, meet the business objectives. (Cimorelli and Chandler, 1996). The connection that binds all the eras together is manufacturing strategy.

  10. Develop A Manufacturing Strategy That Works ...

    Manufacturing companies need a rock-solid strategic plan to thrive in today's ultra-competitive business environment. But, let's face it, executing that plan with precision and consistency is where the real hustle begins. According to Deloitte, "In 2024, manufacturers are expected to face economic uncertainty, the ongoing shortage of skilled labor, lingering and targeted supply chain ...

  11. The #1 Manufacturing Business Plan Template & Guidebook

    The first step to writing your business plan is to describe the purpose of your manufacturing business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers' problems.

  12. Manufacturing Process Planning: Steps, Types & Benefits

    Business For medium-to-large teams that need to optimize portfolios; Enterprise For organizations that need customized security and priority support; ... A manufacturing process plan defines the steps from product design and development to the manufacturing processes used to create the finished product. It includes operation sequencing, machine ...

  13. Manufacturing Business Plan Template

    A manufacturing business plan outlines the objectives, initiatives, and goals of a manufacturing business. It is used to guide the development and execution of a business strategy and to monitor progress towards achieving desired goals.

  14. Manufacturing Business Plan: How to Draft One

    A manufacturing business plan is a document that will help you chart a course to success. Chart a course to success: You can use this document to define success and make a clear path to achieving those goals. Consider potential challenges: You can use the document to find solutions for problems before they throw a wrench in your business.

  15. Manufacturing & Wholesale Business Plans

    This library of manufacturing and wholesale business plan examples here can inspire and guide you as you begin to plan your business. So, don't worry; we got you covered on that part. Let's learn more about these manufacturing business plan samples, starting with their benefits. Benefits of using an industry-specific business plan example

  16. Starting a Manufacturing Business: Step-by-Step Guide

    Analyzing and assessing each aspect minutely can help eliminate a lot of alternatives and be cost-efficient at the end of the day. A well-structured business plan and a good idea are the founding blocks for a great manufacturing business. If you have an idea, get going with a plan to skyrocket a brand-new manufacturing business.

  17. Manufacturing Business Plan Template [Updated 2024]

    The following Manufacturing business plan template gives you the key elements to include in a winning Manufacturing business plan. You can download our business plan template (including a full, customizable financial model) to your computer here. Below are links to each of the key sections of a sample manufacturing business plan.

  18. [Infographic] 4 Steps in Developing a Manufacturing Plan

    A manufacturing plan is a key piece of your food business' overall strategic plan. Your manufacturing plan is a clear set of actions driven by gaps and discoveries from your manufacturing analysis, or the analysis of your business' manufacturing processes.

  19. Manufacturing Business Plan

    A manufacturing business plan focuses on a number of things differently than other business plans. For instance, the vendor agreements and financial are much more important for a manufacturer. Quality control checks and third party audits for large companies are critical to providing understanding for a manufacturer in any industry.

  20. Machine & Equipment Manufacturing Business Plans

    Tracking Device Maker Business Plan. RQM Technologies (RQM) is a start-up company which will develop and distribute miniaturized Personal Locator Devices. There are plenty of emerging and traditional industries in need of equipment manufacturers. Companies that can do it better, faster, cheaper, or more specifically to suit their needs.

  21. PDF Manufacturing Business Plan Example

    Choose professional, creative cover pages to make your business plan stand out. 5. Share easily with anyone. Upmetrics plans are easily shareable in pdf and word documents. And if either doesn't work, you can share it with a quick link too and track the reader's activity! 2.

  22. Business Plan: What It Is + How to Write One

    A business plan is a written document that defines your business goals and the tactics to achieve those goals. A business plan typically explores the competitive landscape of an industry, analyzes a market and different customer segments within it, describes the products and services, lists business strategies for success, and outlines ...

  23. Manufacturing Business Plan Sample 2024

    2.1 The Business Henry Works will be a startup manufacturing business plan started and owned by Henry Langerman. The business will provide manufacturing services to people in and around Oregon. It will offer services like the development of manufacturing chains in different companies.

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    Intel also missed out on being the leader in chips used in machine-learning projects. Rival Nvidia, which mints chips with TSMC, became the AI industry's workhorse and has seen its business soar ...

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    Medtronic unveiled its plan to separate out the patient monitoring and respiratory businesses in the fall of 2022. At the time, the company planned to set up the divested segments as a standalone ...

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    The long-term plan for the next wave of business was put in motion and the company made major investments in technology, manufacturing equipment, vehicles for our field service business and, most important, our workforce.

  27. Can a healthier plant-based burger combat falling US sales? Beyond Meat

    Beyond Meat is revamping its signature plant-based burger, hoping that healthier ingredients will help it boost flagging U.S. sales. The El Segundo, California-based company said Wednesday its new Beyond Burger patties and Beyond Beef grounds cut saturated fat by 60% by switching from canola and coconut oils to avocado oil.

  28. Furniture Manufacturing Business Plan: Guide & Template (2024)

    If you are planning to start a new furniture manufacturing business, the first thing you will need is a business plan. Use our sample furniture manufacturing business plan created using Upmetrics business plan software to start writing your business plan in no time.. Before you start writing your business plan for your new graphic design business, spend as much time as you can reading through ...

  29. PM inaugurates world's largest grain storage plan ...

    He said that the 'world's largest grain storage plan in cooperative sector' launched today will result in thousands of warehouses and godowns in every corner of the country and added that the initiatives including computerization of PACs will give new dimensions to agriculture and modernize farming in the country. ... Many manufacturing goods ...

  30. Intel Launches World's First Systems Foundry Designed for the AI Era

    An intel manufacturing employee displays a test system-on-chip built on a glass substrate at an Intel fab in Chandler, Arizona, in December 2023. In February 2024, Intel Corporation launched Intel Foundry as the world's first systems foundry for the AI era, delivering leadership in technology, resiliency and sustainability.