Theory of Constraints
Work
Work is for tasks, the total labor or “person-hours” required (in terms of minutes, hours, days, weeks, or months) for all resources to complete a task. For assignments, the amount of work to which a resource is assigned for a specific task. For resources,...Variation
Variation is the differences in results obtained in measuring the same phenomenon more than once. The sources of variation in a process over time can be grouped into two major classes: common causes and special causes. Excessive variation frequently leads to waste and...Throughput
Throughput is – 1) The volume of output generated by a resource in a specific period of time. 2) In the theory of constraints, the rate at which a system generates money. (Bridgefield Group ERP/Supply chain Glossary) Other Definitions Throughput – “Throughput is...Theory of Constraints
Theory of Constraints aka “TOC” is a system-level methodology that helps companies steer their process improvement objectives away from cost reduction and towards a focus on increased Throughput. Other Definitions Theory of Constraints...Systems Thinking
Systems thinking is a social approach using systems theories to create desired outcomes, or change. It is a unique approach to problem solving, in that it views certain ‘problems’ as a part of the overall system so focusing on these outcomes will only further develop...The Building & Remodeling Wiki Sponsors:
