Controller Definition

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Apr 252013
 

The chief accountant (in a corporation) who is responsible for maintaining and reporting on both the cost and financial sets of accounts but does not handle or negotiate changes in actual resources

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Theory Of Constraints (Toc) Definition

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Apr 242013
 

A method of analysing the bottlenecks (constraints) that keep a system from achieving higher performance; it states that production cannot take place at a rate faster than the slowest machine or person in the process

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Control Chart Definition

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Apr 242013
 

A graphical presentation of the results of a specified activity; it indicates the upper and lower control limits and those results that are out of control

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