Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 343 Weeks Ago, 6 Days Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Accounting Posted 08 Jun 2017 My Price 13.00

Be Clear and Succinct

Find an example of a significant bottleneck (constraint) in any organization that you are familiar with and explain how you can apply the Theory of Constraints to solve the bottleneck.

    1. Be Clear and Succinct
    2. Make sure you identify the Bottleneck
    3. Make sure you identify the steps you are taking

Select appropriate example

5

Clearly Identify the Bottleneck

5

Suggest ways to apply the TOC

10

Possible Points

20

Theory of Constraints - A method for bringing about continuous improvement

 Movie Notes

TOC Steps

  1. Identify the Bottleneck/constraint
  2. Exploit the Bottleneck/binding constraint
  3. Subordinate everything else to the decision made in step #2
  4. Elevate the binding constraint/Bottleneck
  5. Go to step #1

Throughput – the rate at which an organization generates money through SALES

(Throughput = Sales – Unit level variable costs.  Direct Labor is treated as fixed.)

Inventory is all of the money the company spends turning materials into throughput.

Operating expenses are defined as the money the organization spends to turn inventory into throughput.

 The HW is due in 8 hrs if you cant do it please dont send a handshake 

Answers

Dr Nick
(4)
Status NEW Posted 08 Jun 2017 09:06 AM My Price 13.00

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