Switt...
Thanks for your question. The Theory of Constraints is a management
philosophy that was developed by E.M. Goldratt. The basic premise is
that organizations exist to achieve a goal. It focuses the resources
of an organization on improving the performance of the organization.
There are 5 steps:
1. Identify: In order to manage a constraint, it is first necessary
to identify it.
2. Exploit: Focus on how to get more production within the existing
capacity limitations.
3. Subordinate: Prevent the materials needed next from waiting in a
queue at a non-constraint resource.
4. Elevate: If, after fully exploiting this process, it still cannot
produce enough products to meet market demand, find other ways to
increase capacity.
5. Go back to Step 1.
You can learn more about the TOC at the founders homepage,
AGI-Goldratt Institute, at http://www.goldratt.com/. There is a great
white paper that goes into great detail at
http://www.goldratt.com/toctpwp1.htm
Thanks again for your question. If you need any additional
clarification, please let me know prior to rating my answer.
Regards,
-THV
Search Strategy:
"Theory of Constraint"
References:
Theory of Constraints
http://www.eas.asu.edu/~cse566/toc1.htm |
