TOC

Theory of Constraints (TOC)
The Theory of Constraints (TOC) is a systematic approach that aims to identify and eliminate bottlenecks in a production system. It aims to increase profits while simultaneously reducing stock levels and operating expenses.
Theory of Constraints (TOC)
The Theory of Constraints (TOC) is a management philosophy that focuses on identifying and managing the most critical limiting factor (constraint) that stands in the way of achieving a goal and then systematically improving that constraint until it is no longer the limiting factor.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.