and i guess you starts all the production first then apply
Precisely. Start the productions, then use the item.
This only works on Production Buildings, not on Goods Buildings. It will work on some special Production Buildings, such as the Confectionary. However, if the item produced isn't Supplies, they will be unaffected. For example, if you have a Mad Scientist's Lab on an 8 hour production, which is a Forge Point, it won't be affected by the item, because it's not Supplies.
If you have any more questions, feel free to ask, and welcome to the Forums!