24950169
Description
Flashcards by Nathan Waghorn, updated more than 1 year ago
|
Created by Nathan Waghorn
about 4 years ago
|
|
| Question | Answer |
| Theory of Constraints | A production management theory intended to increase the difference between sales revenue and material costs. |
| Throughput | This is the difference between sales less materials costs used to generate the products sold. |
| Bottleneck Resource/ Binding Constraint | An activity that minimizes throughput. |
| Throughput Accounting | This is a production management approach that tries to maximize throughput. |
Want to create your own Flashcards for free with GoConqr? Learn more.