Job work
Job Work refers to outsourced manufacturing or processing tasks where a company contracts another business to perform specific operations on raw materials or semi-finished goods. The hired party carries out the task according to the instructions provided, and the final product is returned to the client.
Key Points:
- Involves outsourcing specific tasks in manufacturing.
- Typically done on raw materials or semi-finished products.
- Helps companies reduce costs and focus on core activities.
- Widely used in industries like textiles, engineering, and electronics.
- Commonly referred to as contract manufacturing or subcontracting.