Motivated by the problem of scheduling in large semiconductor manufacturing facilities we study the performance of multi re-entrant production networks. In this paper we present the results of the study on the influence of perturbations, buffer inventory levels and the number of manufacturing stages on the production tracking error of each machine in the network operated under a surplus-based production control policy. First the performance of a single machine with multiple production stages is analyzed. As a result we provide bounds on the steady state production demand tracking accuracy of each stage as well as bounds on the content of each intermediate buffer. Furthermore a detailed dependency relation between the efficiency of the production tracking and the intermediate inventory levels of a re-entrant machine is obtained. Then our analysis is extended to a line of multi re-entrant machines. For this network structure accuracy bounds on production tracking error of each stage as well as intermediate inventory levels are obtained. Finally by means of simulation examples we show that the obtained results have an important meaning and can be used as a reference tool in practice.