- Production cycle means the time taken to complete the product manufacturing.
- Production cycle starts with the raw materials and ends with the finished product.
Production Order :
- Production order is an order used to issued an order with in a company to produce a specific quantity of a material with in a certain period of time.
- Production order specifies the which material is to be produced , where it is to be produced, which operations are required to do product and on which date the production is take place.It also tells the order cost.
Work In Progress :
- Work in progress also called as "work-in-process " or "Goods in process".
- Work in progress means a company partially finish the goods and waiting in a queue for fabrication or another process.
Just-in-time (JIT) :
- JIT production is a concept to reduce work in process with respect to a continuous configuration of product.
Just in sequence (JIS) :
- JIS is a similar concept with respect to a scheduled variety in sequence of configurations for products.
