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Theory of Constraints (TOC): Business Presentation
This is a business presentation on the Theory of Constraints (TOC). It is a part of a series of presentations on various business frameworks, designed in the same style of management consulting presentations (e.g. McKinsey, Bain, BCG, Deloitte, Accenture, Capgemini, IBM). Each presentation addresses a unique management topic.
The Theory of Constraints (TOC), developed by Dr. Eliyahu Goldratt, is a methodology for identifying the most important limiting factor (i.e. constraint) that stands in the way of achieving a goal and then systematically improving that constraint until it is no longer the limiting factor.
There is always at least one constraint, and TOC uses a focusing process to identify the constraint and restructure the rest of the organization around it.
TOC adopts the common idiom "a chain is no stronger than its weakest link." This means that processes, organizations, etc., are vulnerable because the weakest person or part can always damage or break them or at least adversely affect the outcome.
In manufacturing, the constraint is often referred to as a “bottleneck.”
The Theory of Constraints (TOC), developed by Dr. Eliyahu Goldratt, is a methodology for identifying the most important limiting factor (i.e. constraint) that stands in the way of achieving a goal and then systematically improving that constraint until it is no longer the limiting factor.
There is always at least one constraint, and TOC uses a focusing process to identify the constraint and restructure the rest of the organization around it.
TOC adopts the common idiom "a chain is no stronger than its weakest link." This means that processes, organizations, etc., are vulnerable because the weakest person or part can always damage or break them or at least adversely affect the outcome.
In manufacturing, the constraint is often referred to as a “bottleneck.”
24 pages, Kindle Edition
Published September 29, 2019
1 person want to read
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