The required fill-up is Theory of Constraints.
Theory of Constraints:
- The Theory of Constraints is a process for determining the most significant constraint (i.e., limiting factor) that prevents the accomplishment of a goal and then methodically removing that limitation until it is no longer the constraint. The restriction is frequently referred to as a bottleneck in manufacturing.
- Three guiding concepts govern the notion of limitations. The three guiding concepts are respect, consistency, and convergence. According to the convergence principle, a complex system is easier to manage since changes made to one part of the system will have an effect on the entire system.
- The fundamental tenets of the Theory of Constraints are that every process must be controlled as a system and that performance metrics are essential to a process's success.
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