Asked by Kelly Bazely on Jul 06, 2024
Verified
Strategy that focuses on reducing bottlenecks
A) Opportunity cost
B) Sunk cost
C) Theory of constraints
D) Differential analysis
E) Product cost distortion
Theory of Constraints
A management philosophy focusing on identifying and managing the most limiting factor (constraint) that stands in the way of achieving a goal.
Bottlenecks
Points of congestion in a production system where the workload arrives too quickly for the production process to handle, often leading to delays and lower efficiency.
Strategy
A plan of action designed to achieve a long-term or overall aim.
- Understand the principles of manufacturing limitations and the concept of constraints strategy.
Verified Answer
Learning Objectives
- Understand the principles of manufacturing limitations and the concept of constraints strategy.
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