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800-1,000 words plus diagram Draft a memo explaining toyour production managers how effective the production process can beand how it could help to enhance profitability and stakeholder value forthe company, including the following:Provide an overview of what a manufacturing process is and how it is organized. Explain why process thinking is important in operations management. Explain the concepts of setup time, utilization time, production scheduling, and bottlenecks in a simple manufacturing process and what the role of the operations manager is. Please include within this memo, a discussion on the value foreign organization of potentially finding suppliers from across the globe as discussed in the video you watched in Unit 1. The memo should include a visual representation of an example processdominant layout and the advantages and disadvantage of such a layoutshould be provided.