The principles that every process must be managed as a system and that performance measures are crucial to a process’s success are the basic principles of the _____
The Theory of Constraints is a process for determining the most significant constraint (i.e., limiting factor) that prevents the accomplishment of a goal and then methodically removing that limitation until it is no longer the constraint. The restriction is frequently referred to as a bottleneck in manufacturing.
Three guiding concepts govern the notion of limitations. The three guiding concepts are respect, consistency, and convergence. According to the convergence principle, a complex system is easier to manage since changes made to one part of the system will have an effect on the entire system.
The fundamental tenets of the Theory of Constraints are that every process must be controlled as a system and that performance metrics are essential to a process's success.
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