Term
| Theory of Constraints (TOC) |
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Definition
| Systematic management approach that focuses on actively managing those constraints that impede a firm's progress toward its goal. |
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| Total elapsed time from the start to finish of a job or a customer being processed at one or more workcenters |
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| Planning and control system that regulates the flow of work-in-process materials at the bottlenect or the capacity constrained resource (CCR) in a productive system. |
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| Assignment of work to stations in a line so as to achieve the desired output rate with the smallest number of workstations |
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| Smallest unit of work that can be performed independently |
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| Work elements that must be done before the next element can begin. |
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| Diagram that allows one to visualize immediate predecessors better; work elements are denoted by circles, with the time required to perform the work shown below each circle. |
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| Maximum time allowed for work on a unit at each station. |
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| Benchmark or goal for the smallest number of stations possible, where the total time required to assemble each unit is divided by the cycle time. |
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| Amount by which efficiency falls short of 100 percent. |
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| Movement of product from one station to the next as soon as the cycle time has elapsed. |
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| Production line that produces several items belonging to the same family. |
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