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 ?
As a CDMO that is a business unit of a global pharmaceutical manufacturer (Orion Corporation) and a producer of generic active pharmaceutical ingredients (APIs), Fermion recognizes the critical need for effective product life cycle management.
The Product Life Cycle Standard enables companies to measure the greenhouse gas emissions of an individual product.
"Our analysis revealed that pertinent information on the safety of medications can be found throughout the curriculum of our member schools, but we don't frame it necessarily in terms of the regulatory product life cycle," stated AACP executive vice president Lucinda Maine, Ph.D., R.Ph.
Our integrated project management structure ensures that you benefit from hands on support that works with you to deliver effective solutions over your entire product life cycle. This approach allows you to focus on your core competencies--trusting us to do the rest.
Once a change is complete, the next product life cycle begins.
Integrating product life cycle and purchasing strategies.
"Mercury-containing products such as thermometers, switches, and dental products release mercury during the product life cycle, including during production, use, and disposal," says environmental scientist Alexis Cain, lead author of the study.
Low Bid has become the established procurement goal, displacing emphasis on quality and product life cycle
The authors describe how to understand stakeholders, their goals, and the organizational context; how to make products consumable; defining success in stakeholder terms; and how to apply outside-in development techniques at any point in the product life cycle. The book was written for those in executive, management, and nonmanagement roles.
The major cost management concern is the careful management of fixed resources assigned to each managed care product throughout its product life cycle. We will now present and discuss a strategic planning and cost management model that is suitable for this purpose in a managed care company as well as any other type of company with relatively high SG&A fixed costs.
Research topics include supply chain automation, product life cycle, cold chain, food quality and pharmaceutical and health care applications.
Transnational Publishers (Ardsley, NY) has published "E-Cycling: Linking Trade and Environmental Law in the EC and the U.S.," a hardcover book that includes a legal and policy analysis of recycling throughout the entire product life cycle, from the extraction of raw materials, to the production and marketing of goods, to the use of those goods and to the management of the resulting wastes.

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