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The Goal summary of mgmt ideas
Essay specific features
Written by:
Marlena I
Date added:
September 7, 2015
Level:
University
Grade:
A
No of pages / words:
2 / 353
Was viewed:
6872 times
Rating of current essay:
Essay content:
Net Income can show you are making a profit and how much profit. ROI tells you if the net profit is big enough vs. the investment made to know if you want more of this kind of business.
To facilitate making operational rules, we restate The Goal:
We make more money by 1) Increasing Throughput, 2) Decreasing Inventory, and 3) Decreasing Operational Expenses...
displayed 300 characters
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Labor to produce products can be inventory or operational expense.
A balanced plant has each and every available resource at the exact level required to produce products that match market demand for those products.
A plant that is busy all the time is inefficient because there must be ‘make work’ projects that build too much inventory...
displayed 300 characters
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