24950169
Description
Flashcards by Nathan Waghorn, updated more than 1 year ago
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Created by Nathan Waghorn
over 4 years ago
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| 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. |
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