Production Cycle

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Related to Product life cycle: Marketing mix, Project life cycle

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.

References in periodicals archive ?
requirements; the product environment analyses doesn't consider the product life cycle and has a general character of the questions?
The product life cycle illustrates the need for products to be reviewed, rearranged, redesigned, repackaged, renamed, or even retired.
Processes and Activities Supported by Product Life Cycle Management (PLM) Software
SAN FRANCISCO -- At the Embedded Systems Conference (ESC) today, AMD (NYSE:AMD) announced a program that offers an extended product life cycle to support system designers in the high-end, high-performance embedded market with the AMD Opteron(TM) processor.
Best Practices, LLC, recently undertook a study through its Business Excellence Board to understand how top pharmaceutical companies can optimize pharma products as they enter the mature phase of the product life cycle.
Test should not be a pacing element, but should instead act as a strategic element throughout the product life cycle.
Advanta(TM) Track is a web-based tool that integrates with existing systems to track each stage of the product life cycle in real time, from concept development to shipment and delivery, reducing costs and production cycle times.
Nasdaq: FORR), more and more retailers are adopting pricing solutions that recommend the optimal prices throughout the product life cycle -- from initial pricing to markdowns -- to improve top-line performance.
This FusionFIRST program combines Fusion's focus on people, process and culture to deliver benefits in three core areas: delivery and quality guarantees; special services (including active management requirement and a vertically integrated product focus) and a comprehensive inventory management program that covers all aspects of the product life cycle.
With these enhanced capabilities, system vendors and network service providers, for the first time, are able to develop advanced service platforms with increased user connections as well as bandwidth, extending their product life cycle.

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