optimized production technology (OPT)
Definition
Production scheduling and inventory control system that (unlike manufacturing resource planning) recognizes bottlenecks (capacity constraints) and does not aim at full capacity utilization at all times. OPT's objective is to simultaneously raise throughput while reducing inventory and operating costs, and achieve a smooth, continuous flow of work in process.
optimized production technology (OPT) is in the Industries, Manufacturing, & Technology and Inventory Control & Storage subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/optimized-production-technology-OPT.html
email to a friend
print this definition
cite this definition
link to this page
