production


production
In the context of project financing, a defined portion of the proceeds of production up to a dollar amount. Bloomberg Financial Dictionary

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production pro‧duc‧tion [prəˈdʌkʆn] noun
1. [uncountable] MANUFACTURING the process of making or growing things to be sold as products, usually in large quantities:

• Toshiba is increasing production of its popular line of laptop computers.

• They have plans to design a smaller submarine that could go into production (= start being produced ) by the end of the decade.

• a new plant with an annual production capacity of (= the ability to produce ) 500,000 disk drives

• Germany's high production costs

• a magnesium metal production facility (= factory )

• He was a production manager for Lockheed Corp.

• By adjusting the production process, they were able to reduce the plant's waste by two-thirds.

• Bonuses were introduced for employees meeting production targets (= aims ) .

production workers assembling pianos

— see also factor of production
2. [uncountable] MANUFACTURING an amount of something that is produced:

• In August, production of passenger cars climbed 12% from a year earlier.

ˈbatch proˌduction [uncountable] MANUFACTURING
when a factory makes a quantity of one form of a product or part, followed by a quantity of another different form:

• small batch production on a flexible manufacturing system

conˌtinuous proˈduction also ˈflow proˌduction, ˈprocess proˌduction [uncountable] MANUFACTURING
when a finished product is produced from basic materials in one production process:

• Assembly line operation is an important feature of flow production.

diˌrect proˈduction [uncountable] MANUFACTURING
when someone produces all the things they need using their own efforts and skills, without the advantages of specialization (= concentrating on producing only one product) or the division of labour (= using different people to do different jobs). Direct production is more an economic model than a real production method
inˌdustrial proˈduction [uncountable] MANUFACTURING
used to talk about the total production from all industrial activities in a particular period of time:

• Industrial production figures due today are likely to show that the UK manufacturing sector remains depressed.

ˌjobbing proˈduction [uncountable] MANUFACTURING
when a single product is made, rather than large quantities of goods:

• Jobbing production is used to produce prototype models, spare parts, and countless other tailor-made pieces.

just-in-ˈtime proˌduction [uncountable] MANUFACTURING
when parts are delivered just before they are needed in the process of producing something:

• Just-in-time production dictates that parts be delivered to a factory at the last minute. That cuts inventories and finance costs.

ˌlean proˈduction [uncountable] MANUFACTURING
when things are manufactured using just-in-time production methods, with the aim of zero defects (= no faults), no reworking (= working again on things that were done wrong) etc:

• He wants to bring in lean production, with fewer workers and more components being subcontracted.

ˌmass proˈduction [uncountable] MANUFACTURING
when products are made in large numbers by machines, so that they can be produced cheaply:

• The new model will become cheaper with mass production.

• The technique developed by Matsushita brings the mass-production cost down to under £3.00 per watt.

ˌprimary proˈduction
1. [uncountable] ECONOMICS activities such as agriculture, fishing, and mining, rather than manufacturing:

• The proportion of jobs coming from primary production is much greater in the Highlands than in the rest of Scotland.

2. [uncountable] the first stage in producing oil, metals etc, rather than producing other things from oil etc:

• Aluminum producers have announced cuts in primary production of 900,000 metric tons.

3. [countable, uncountable] the process of making films, television, and radio broadcasts, or plays, or a particular film etc:

• a film production company

• CBS has been discussing possible co-productions with the BBC.

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production UK US /prəˈdʌkʃən/ noun [U] PRODUCTION
the process of producing commodities (= oil, metals, crops, etc.) or manufacturing goods to be sold: production costs/processes/targets »

Many businesses have moved their manufacturing operations to Asia to lower their production costs.

a decline/fall/increase in production »

Opec is expected to agree to an increase in production.

»

energy/food/oil production

go into/out of production — Cf. go out of production
(also Production) the department in a company that makes goods: »

The launch date has been announced so it is vital that Production deliver on time.

the amount of goods or products that are made or grown by a company or country: »

UK wheat production is forecast to be 700,000 tonnes higher than last year.

»

cut/expand/increase production

the activity of organizing the practical and financial details of a film, television programme, etc.: »

The production company that owns the format has made huge profits from its adoption by networks around the world.

the act of providing something to be examined: »

Refunds will only be given on production of a receipt.

See also BATCH PRODUCTION(Cf. ↑batch production), CONTINUOUS PRODUCTION(Cf. ↑continuous production), FACTOR OF PRODUCTION(Cf. ↑factor of production), INDUSTRIAL PRODUCTION(Cf. ↑industrial production), JOB PRODUCTION(Cf. ↑job production), JUST IN TIME(Cf. ↑just in time), MASS PRODUCTION(Cf. ↑mass production), PRIMARY PRODUCTION(Cf. ↑primary production), SECONDARY PRODUCTION(Cf. ↑secondary production)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • production — [ prɔdyksjɔ̃ ] n. f. • producion 1283; du lat. productus I ♦ Dr., admin. 1 ♦ Document, pièce qu on présente. 2 ♦ Le fait, l action de présenter un document, une pièce, etc. (⇒ présentation). Production de pièces à un procès. Production de témoins …   Encyclopédie Universelle

  • Production I.G. — Logo de Production I.G., Inc. 株式会社プロダクション・アイジー [1] Création 15 décembre 1987 …   Wikipédia en Français

  • Production IG — Production I.G Logo de Production I.G., Inc. 株式会社プロダクション・アイジー [1] Création 15 décembre 1987 …   Wikipédia en Français

  • Production I.G — Тип кабусики гайся Год основания 1987 Расположение …   Википедия

  • production — Production, Productio. La production d une partie, Instrumentum litis. Il pense que les juges asserront jugement sur sa seule production, Suis tabulis causam dicit. Les pieces et productions des parties, Litis instrumentum, Copiae sacculariae,… …   Thresor de la langue françoyse

  • Production — may be:In Economics: * Production, the act of making products (goods and services) * Production, the act of manufacturing goods * Production as statistic, gross domestic productIn Entertainment: * Production, phase of filmmaking * Production,… …   Wikipedia

  • Production I.G — Rechtsform Kabushiki gaisha (Aktiengesellschaft) Gründung 15. Dezember 1987 Sitz …   Deutsch Wikipedia

  • Production I.G — Saltar a navegación, búsqueda Production I.G. Tipo Estudio de animación Fundación 15 de Diciembre de 1987 Fundador(es) Mitsuhisa Ishikawa Sede …   Wikipedia Español

  • production — I (operation) noun execution, industry, manifestation, manufacture II (output) noun accomplishment, attainment, business, compilation, composition, constitution, construction, consummation, creation, discharge, disclosure, dispatch, effectuation …   Law dictionary

  • production — Production. s. f. v. Ouvrage, effet. Il se dit également des Ouvrages de la nature, & de ceux de l art & de l esprit. Toutes les productions de la nature sont admirables. c est une des belles productions de l art. on a vû plusieurs productions de …   Dictionnaire de l'Académie française

  • Production — Pro*duc tion, n. [L. productio a lengthening, prolonging: cf. F. production. See {Produce}. ] [1913 Webster] 1. The act or process or producing, bringing forth, or exhibiting to view; as, the production of commodities, of a witness. [1913… …   The Collaborative International Dictionary of English


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