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Essay

Theory of Constraints

Essay specific features

 

Issue:

Business

 

Written by:

Bertha S

 

Date added:

October 15, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1695

 

Was viewed:

3599 times

 

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Essay content:

The Goal focuses on constraints as bottleneck processes in a job-shop manufacturing organization. However, many non-manufacturing constraints exist, such as market demand, or a sales department's ability to translate market demand into orders. The Theory of Constraints defines a set of tools that change agents can use to manage constraints, thereby increasing profits...
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Most businesses can be viewed as a linked set of processes that transform inputs into saleable outputs. TOC conceptually models this system as a chain, and advocates the familiar adage that a "chain is only as strong as its weakest link." Goldratt defines a five-step process that a change agent can use to strengthen the weakest link, or links...
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