Hello Kalyani,

As Nikunj said there is no feature to achieve by default on some models. However, this can be achieved using a custom module.

You would just need to add an "active" Boolean field to the model. This is the simple code I used to achieve what you want, you can also create an automation which will automatically archive a manufacturing order after a certain number of days.

Code:

class archive_man(models.Model):
    _inherit = "mrp.production"
    active = fields.Boolean("Active", default=True)

I hope this helps. 

Thanks,