
A Quick Guide to TOC
Flashcard
•
Science
•
University
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
What are the benefits of the Theory of Constraints (TOC)?
Back
Reduced Inventories, Reduced operating costs and expenses, Improved workplace synergy, All of the above.
2.
FLASHCARD QUESTION
Front
What is the purpose of The Thinking Process in TOC?
Back
To provide tools specifically designed for analysis of problems and coming up with their solutions.
3.
FLASHCARD QUESTION
Front
True or False: In business, a bottleneck limits the organization from improving profits.
Back
True.
4.
FLASHCARD QUESTION
Front
What is the main goal of the Theory of Constraints (TOC)?
Back
Profit Improvement.
5.
FLASHCARD QUESTION
Front
How do you calculate Return On Investment (ROI)?
Back
Net Profit / Investment.
6.
FLASHCARD QUESTION
Front
Define 'bottleneck' in the context of TOC.
Back
A bottleneck is a stage in a process that reduces the overall speed of the entire system, limiting throughput.
7.
FLASHCARD QUESTION
Front
What is throughput in TOC?
Back
Throughput is the rate at which the system generates money through sales.
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