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Theory of Constraints

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OTA,

In your own words and without references, based on your own experience, using the Theory of Constraints, identify scheduling or resource allocation constraints from past work experience or a familiar company situation.

Note: The Theory of Constraints is applicable for non-manufacturing environments.
A. Describe the situation and identify the constraints
B. Indicate how to overcome the constraints in the situation

I understand that Theory of Constraints is a management philosophy which strives to continually achieve more of the goal of a system. If that system is a for-profit business, then the goal is to make more money. I also understand that every organization has at any particular point in time, a key constraint which limits the system's performance relative to its goal. I realize Theory of Constraints is based on the premise that the rate of revenue generation is limited by at least one constraining process, known as a 'bottleneck'.

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OTA,

In your own words and without references, based on your own experience, using the Theory of Constraints, identify scheduling or resource allocation constraints from past work experience or a familiar company situation.

Note: The Theory of Constraints is applicable for non-manufacturing environments.
A. Describe the situation and identify the constraints
B. Indicate how to overcome the constraints in the situation
I understand that Theory of Constraints is a management philosophy which strives to continually achieve more of the goal of a system. If that system is a for-profit business, then the goal is to make more money. I also understand that every organization has at any particular point in time, a key constraint which limits the system's performance relative to its goal. I realize Theory of Constraints is based on the premise that the rate of revenue generation is limited by at least one constraining process, known as a 'bottleneck'.

The ...

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The theory of constraints and the supply chain

In 1000 words, explain how the theory of constraints applies to a supply chain as opposed to a manufacturing facility. Include:
- The four key drivers of any supply chain strategy are inventory, technology, information, and logistics. Select one of the drivers, and elaborate how the theory of constraints could be used in this area of the supply chain.
- Cite an example of a company that has applied the theory of constraints to its supply chain and how it affected the company's competitive advantage. If that is not yet known, explain how you would expect it to affect the company's competitive advantage.

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