Wednesday, June 29, 2011

Mining 101: Ep 15. What is throughput?

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Don Robinson, President & CEO of Eastmain Resources explains what throughput is.

From Wiki: Throughput can be best described as the rate at which a system generates its products / services per unit of time. Often this is monetary revenue and is in contrast to output, which is inventory that may be sold or stored in a warehouse. In this case throughput is measured by revenue received (or not) at the point of sale—exactly the right time. Output that becomes part of the inventory in a warehouse may mislead investors or others about the organizations condition by inflating the apparent value of its assets. The Theory of Constraints and throughput accounting explicitly avoid that trap.

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