What Is Theory Of Constraints (TOC)

The Theory of Constraints (TOC) is a management philosophy developed by Dr. Eliyahu Goldratt. The theory states that every system has a constraint, or limiting factor, that determines the maximum rate at which the system can produce output. The objective is to...

Throughput Accounting

What is Throughput Accounting?  Throughput Accounting Definition Throughput Accounting is the Theory of Constraints method of accounting which does NOT allocate costs but instead places emphasis on increasing Throughput. Throughput Accounting reflects the operating...

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