The Theory of Constraints was developed to maximize the performance of a value chain.According to the theory, five steps are required to maximize and improve the performance of a value chain.
Required:
a.List the five steps.
b.Define the two terms bottleneck process and throughput contribution.Indicate how these terms are related to the theory of constraints.

Question

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The Answer of The Theory of Constraints was developed to maximize the performance of a value chain.According to the theory, five steps are required to maximize and improve the performance of a value chain.
Required:
a.List the five steps.
b.Define the two terms bottleneck process and throughput contribution.Indicate how these terms are related to the theory of constraints.

The Theory of Constraints Was Developed to Maximize the Performance