What is the process of continuously measuring system results, comparing those results to optimal system performance, and identifying steps and procedures to improve system performance?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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What is the process of continuously measuring system results, comparing those
results to optimal system performance, and identifying steps and procedures to
improve system performance?
Bottlenecking.
Benchmarking.
Cycle time.
Consolidation.
Transcribed Image Text:What is the process of continuously measuring system results, comparing those results to optimal system performance, and identifying steps and procedures to improve system performance? Bottlenecking. Benchmarking. Cycle time. Consolidation.
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