Discuss the below:
1. Define throughput, inventory, and operational expense.
2. Why is it important that throughput is defined in terms of sales rather thanproduction?
3. What does it mean to have balance a plant?
4. What causes a balanced plant to fail?
5. What is the Theory of Constraints?
6. What characteristics of the hiking troop relate to the production characteristics of
throughput, inventory, and operational expense?
7. What is Herbie in terms of the Theory of Constraints?
8. Considering the Theory of Constraints, what has been done when items are
removed from Herbie's pack?
9. What happens in a plant if the fastest operations are put at the beginning of theproduction process, the slowest operations are put at the end, and all workersproduce at a high efficiency?
10. Define a bottleneck.
11. What two things can be done to optimize a bottleneck?
12. What steps can be taken to reduce the lost time on bottlenecks?
13. Define the Twenty-Eighty Rule.
14. What was your biggest lesson learned from reading The Goal?