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Theory of Constraints

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Concept Overview

Definition *

The theory of constraints (TOC) describes the attempt to maximise operating profits by identifying bottleneck and non-bottleneck operations in a system. It is a process of continuous improvement to remove all constraints in the throughput chain while minimising inventory and operational costs (Balderstone & Mabin, 1998; Drury, 2007).

* Please note this is a 'in production' concept and as such this definition is not ready to be referenced

Business Evidence

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Business Application

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Professional Tools

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Further Reading

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