Academic

Jun
14

Introduction to Theory of Constraints (TOC)

Theory of Constraints (TOC) is a management philosophy that treats a corporation as an interlinked, interdependent system rather than just a collection of independent processes or functions. Dr. Eliyahu M. Goldratt, the creator of TOC, observed that just as the strength of a chain is dictated by its weakest link, the overall performance of any […]

By Time n Cash | Academic
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