Performance Improvement Tools Flashcards
1
Q
What is the theory of constraints?
A
Determining where bottlenecks exist and optimizing output by relaxing that constraint
Constraints result from a variety of difference resources
Optimization:
- Maximize the contribution margin per unit of the constrained resource
2
Q
What is lean manufacturing?
A
Goals of lean manufacturing include increasing quality, reducing waste, and minimizing resource consumption
Very similar to JIT (just in time)
Identify all steps in the value stream
Eliminate streps that do not create value
Streamline the process
Evaluate until you reach perfection
