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The Theory of Constraints (TOC) is the invention of Dr Eliyahu Goldratt, an Israeli physicist, educator, and management specialist.
It’s a business philosophy which seeks to strive towards the global objective, or goal, of a system through an understanding of the underlying cause and effect dependency and variation of the system in question.
TOC is a systemic approach which is concerned with the system as a whole, not with parts of a system in isolation. What's more it shows and importantly proves that the local optimsiation approach of modern businesses with their cost accounting practices is counter productive to overall system performance. This is a statement of extreme importance and ramifications.
Rather than repeat information here, most of what you need to read concerning TOC is available right here on the internet on Kelvyn Youngman's website. This is a comprehensive explanation and implementation guide that covers the basics by introducing TOC concepts and then fully expands on their applications in a very practical way.
We can help with your TOC implementation to extract significantly more value from your business. The sooner you act, the more money you will make!
Currently we offer the following services:
Critical Chain Project Management
Business Process Innovation using TOC
Drum-Buffer-Rope for manufacturing environments.
Throughput Accounting methods.
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