Theory of constraints toc - Study guides, Class notes & Summaries

The statistics that summarize a population are referred to as a. categorical statistics b. descriptive statistics c. probabilistic statistics d. control statistics correct answers b. descriptive statistics Which of the following measures is increased when process performance is improved? a. Variability range b. Capability index c. Repeatability index d. Specification limits correct answers b. Capability index Which of the following tools can be used to identify and quantify the...

Bottlenecks exist in which type of manufacturing processes? - Answer- job process, batch process, line process What is the name of the product mix decision method that takes advantage of the principles outlined in the theory of constraints? - Answer- the traditional method The theory of constraints methods increase the firm's profits more effectively by focusing on what? - Answer- making materials flow rapidly through the entire system A simple process for matching work elements to wor...

Definition of Quality correct answers Performance over expectations Statistical Process Control (SPC) correct answers Zero Defects correct answers Six Sigma correct answers business philosophy based on standard deviation that enables quality/continuous improvement Quality Circles correct answers Total Quality Management (TQM) correct answers Theory of Constraints (ToC) correct answers Quality Management Systems correct answers ISO 9000 correct answers Continuous...

The statistics that summarize a population are referred to as a. categorical statistics b. descriptive statistics c. probabilistic statistics d. control statistics correct answers b. descriptive statistics Which of the following measures is increased when process performance is improved? a. Variability range b. Capability index c. Repeatability index d. Specification limits correct answers b. Capability index Which of the following tools can be used to identify and quantify the...

MGSC Exam 2 Questions And Answers 100% Verified 2024/2025 An item that has been built to stock has yet to be sold. Which TOC operational measure is used to describe it in its current state? - answerInventory Of the seven key principles of the theory of constraints, which is the first principal? - answerThe focus should be on balancing flow, not on balancing capacity. If during week 1, the mix of work makes operation 1 a bottleneck, and the next week it may make operation 3 the bottleneck,...

MGSC Exam 2 Questions And Answers 100% Verified 2024/2025 The theory of constraints methods increase the firms profit more effectively by focusing on? - answermaking materials flow rapidly through the entire system The theory of constraints defines inventory as - answerall the money invested in a system in purchasing things that it intends to sell Of the seven key principles of the theory of constraints, what is the first principal? - answerbalancing flow, not on balancing capacity An it...

MGSC Exam 2 Questions And Answers 100% Verified 2024/2025 An item that has been built to stock has yet to be sold. Which TOC operational measure is used to describe it in its current state? - answerInventory Of the seven key principles of the theory of constraints, which is the first principal? - answerThe focus should be on balancing flow, not on balancing capacity. If during week 1, the mix of work makes operation 1 a bottleneck, and the next week it may make operation 3 the bottleneck,...

The statistics that summarize a population are referred to as a. categorical statistics b. descriptive statistics c. probabilistic statistics d. control statistics - answer b. descriptive statistics Which of the following measures is increased when process performance is improved? a. Variability range b. Capability index c. Repeatability index d. Specification limits - answer b. Capability index Which of the following tools can be used to identify and quantify the source of a p...

Bottlenecks exist in which type of manufacturing processes? - CORRECT ANSWER-Job process, batch process, line process The theory of constraints methods increases the firms profits more effectively by focusing on what - CORRECT ANSWER-making materials flow rapidly through the entire system The theory of constraints defines inventory as - CORRECT ANSWER-all the money invested in a system in purchasing things that it intends to sell Of the seven key principles of the theory of constraints, w...

Creating an extensive distribution system in order to reduce shipment time to customers conflicts with which of the following objectives? correct answers Lowest distribution costs Which is set up when a product is available from several sources but only one source gets all of the business? correct answers Single-Source Supplier Which originated with the department or person who will be the ultimate user correct answers Purchase requisition Which of the following provides insight into wh...