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Production Cycle

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Production Cycle 

the period during which the objects of labor (raw products and materials) remain in the production process, from the beginning of manufacturing through the output of a finished product. In addition to the working time, the production cycle includes interruptions in production owing to physical, chemical, and biological (natural) processes (for example, the period required for tanning leather); the character of the objects of labor; or the technology and organization of production.

The production cycle represents part of the production time, excluding the period during which the objects of labor are in production reserves. The reduction of the production cycle accelerates the output of products and contributes to the better utilization of productive capital (seeFIXED CAPITAL STOCK; CIRCULATING CAPITAL), to the acceleration of the rate of turnover of circulating capital under socialism, and to the turnover of capital under capitalism. The most important factors for reducing the production cycle are the introduction of advanced technology and the automation of production processes.



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The proceeds would be used to decrease our bank debt, investment into the automatisation of the paint production cycle and modernisation," Orgachim investor relations director Irena Mitsova was quoted as saying.
The rise in demand means the 80-strong company has recruited a further five production workers and plans to operate a twoshift production cycle.
A top-tier supplier to Sikorsky Aircraft, Boeing, and the F-35 Joint Strike Fighter program is using on-machine probing capabilities, aided by Renishaw's Productivity+ software, to reduce production cycle times by as much as 50 percent.
 
 
 
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