With industrial business variables such as energy and material costs fluctuating dynamically, just optimizing the efficiency of operations is no longer sufficient to maximize profitability. Measuring business performance in real time and empowering personnel with real-time information to make better decisions are the first two steps in controlling profitability. This paper addresses the third step – identifying the constraints to profitability – and outlines a systematic step-by-step approach to removing those constraints and ensuring maximum profitable output from the production process.
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