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Theory of Constraints

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Sometimes known as constraint analysis, the theory of constraints (TOC) is a systematic and iterative approach to management that emphasizes adapting business practices in order to best cope with limitations, or constraints, that stand in the way of key objectives. The goal of TOC is to maximize the efficiency of a process selectively at the most critical points and thereby maximize profitability, quality, or other corporate objectives.

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Copyright © 2011 Advameg, Inc.