Definition: MFG, meaning "manufacture," refers to creating something in a physical form. In this context, it can also imply taking a step or making a decision based on factors or decisions made elsewhere. Definition: MFG stands for "Manufactured Goods." It is used to describe actions and events that are either done or planned by individuals, groups, organizations, or entities within the context of manufacturing goods or services. This includes production lines, production facilities, equipment, materials, machinery, tools, and processes. In a broader sense, MFG encompasses all aspects related to the creation, distribution, and use of manufactured goods. MFG is crucial for businesses in a variety of industries because it allows them to control the quality, cost, schedule, and delivery of their products or services.