Examlex
Imagine that you are an attorney trying to prove that a certain chemical caused your client's cancer.Your arguments will be more persuasive if your witness is
Bottlenecks
Constraints or impediments in a system that significantly slow down or halt the overall process flow.
Theory of Constraints
A management approach that identifies the most significant limiting factor (constraint) in achieving goals and systematically improves it.
Long-Run Profit
The sustained earning capacity of a company over an extended period, considering both fixed and variable costs.
Non-Value-Added Activity
Processes or tasks that consume resources but do not add value or enhance the product or service from the customer's perspective.
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