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'.
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- MBA, Eastern Institute for Integrated Learning in Management
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