Final answer:
Computer technology is used in manufacturing to increase precision, efficiency, and productivity, lower costs, and reduce errors for an optimized production process.
Step-by-step explanation:
The use of computer technology in controlling the operations of a manufacturing plant, alongside the control of machine tools, is associated with various benefits. These benefits include greater precision, efficiency, and consistency in material utilization, reduction in energy consumption and waste, increased productivity and cost savings, as well as improved safety and reduced human error. Firms actively seek out the production technology that lets them produce the required level of output at the lowest cost. This often involves a decision regarding the optimal blend of labor and physical capital. In today's technologically advanced industrial environment, automation and the use of machinery can greatly substitute labor, which can lead to significant operational improvements and competitive advantages.