Erythropoiesis is the process where red blood cells are produced in the bone marrow. It begins with pluripotent stem cells that differentiate through several stages into reticulocytes over 5 days, then mature into erythrocytes over 2 more days. The key stages include pronormoblast, basophilic normoblast, polychromatophilic normoblast, orthochromatic normoblast, and reticulocyte. Erythropoiesis is regulated by erythropoietin and requires various vitamins and minerals to produce hemoglobin and allow the red blood cells to mature fully.