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 ?
The changes within the system and system environment during all product life cycle stages are considered.
where P--number of product life cycle stages; q = 1/[Q.
However, the "dynamic markets of the eighties, bore little resemblance to the relatively simply defined and stable markets of the early sixties" (Wood, 1990) and with this the validity of the product life cycle was brought into question.
The product life cycle theory draws an analogy with the life cycle of human beings, in that every product in a market is mortal.
Benefits of Product Life Cycle Management (PLM) Software
Factors to Consider When Choosing Product Life Cycle Management (PLM) Software
From design validation to manufacturing test of components and subsystems, an open, flexible platform streamlines the product life cycle," Zogas said.
2 allow for greater visibility in the product life cycle which leads to greater end-user confidence, while continuously building productivity across the supply chain.
The vendors need to provide a compelling integrated offering to overcome this challenge and prove the benefits of business intelligence across the entire product life cycle.
ASCO Valve, a leader manufacturer of fluid control devices, is using Digital Paper to support the entire product life cycle, including manufacturing and procurement operations, by providing mission-critical document access and collaboration to more than 1000 employees and suppliers around the world.
True, shortening product life cycles may be a reason to invest more aggressively in product branding--especially at launch.

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