Already have an account? Get multiple benefits of using own account!
Login in your account..!
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Theory of constraints -TOC
The theory of constraints was first proposed in 1986 by Dr Eliyahu M. Goldratt in his widely read book The Goal. The theory of constraints is the practical results of Eli Goldratt's work on 'how to think'. It is about thinking processes and their applications. TOC is a verifiable philosophy. By knowing how to think, we can better understand the world around us; by better understanding we can improve.
This book is interesting as it was not written as a text book or a collection of papers on a topic but as a narrative. It is a story of a production manager facing severe problems at work who is visited by a helpful consultant (referred to as Jonah) who has him question his ingrained views of best practice. In this discussion Jonah suggests that any system must have at least one constraint otherwise it would generate an infinite amount of output and that constraints generally determine the pace of an organisation's ability to achieve its goal which is profit. However, by identifying constraints, organisations cannot create an infinite amount of output. Goldratt emphasises that constraints pose a significant threat to the wellbeing of an organisation and must be addressed. He suggests that constraints may be physical resources such as labour availability or skills, machines, capital or time but may also be organisational policies or guiding principles or rate of innovation. Constraints may be inside or outside an organisation.
By identifying our constraints we possess the ability to examine what stops us from achieving our goal. Goldratt suggests that many organisations do not state their goals in sufficiently clear terms to allow constraints to be identified. This lack of focus creates a broad front for management to operate which in turn allows broad goals to be defined and all resources to be seen as constraints to some degree.
Generally management 'optimise' the performance of all resources available as each is seen as an asset whereas Goldratt argues that not all assets or activity affect the constraint(s). More than that, though, TOC challenges us to define a goal and re-examine all of our actions and measurements based on how well or how poorly they serve it.
To develop what you believe is a terrific idea for a video game, you lease 50,000 square feet in an office building from Commercial Property, LLC, under a written five-year lease.
Food is an integral part of understanding different countries, cultures, and lifestyles. In fact, your company is interested in importing Australian wine to the United States. Howe
Discuss an example of a work-related project that is able to be broken down into structure, tasks, subtasks, and work packages, and why project management in the form of a CPM/PERT
Analyze Procter & Gamble's (Case 8) resources and capabilities as well as its structures and systems. Internal resources and capabilities. How should P&G's strengths be leverage
You are a busy partner in a legal firm, and an experienced administrative assistant complains of continued headaches, drowsiness, dry throat, and occasional spills of fatigue and f
What should a manager do with someone who has high job satisfaction but is a low performer? Describe the communication process used by managers.
Discuss evidence you have seen if the imperatives for change, flexibility, and responsiveness faced by today's firms.
What is the relationship between the growth in worldwide competition and the evolution of the supply chain concept?
How is the activity of listening impacted by the particular situation?
The local Publix Grocery has five regular lanes and one express lane (12 items or less only). Based on a sampling study, it takes 11 minutes on the average for a customer to go thr
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd