Tag: TOC
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Dr. Eliyahu M. Goldratt, 1947 – 2011
On June 11, the world lost a giant in the world of business transformation. Dr. Goldratt entered the world of business with a background in theoretical physics. Over the years he challenged conventional wisdom and introduced many concepts that are being used successfully every day. His body of work was codified in what is now…
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Technology Use – A Golf Case Study
As everybody knows, we live in a technological society. Technology has come into every part of our lives. Sometimes it’s a great thing. Other times we implement technology that doesn’t help anything at all. This blog is about how I’m using technology to improve my golf game. I’m pretty much self-taught in golf, but I…
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Don’t Compromise
Why do people think that compromise is the best solution? More often than not, it is the worst solution. Here’s why. I was sitting in on a mediation hearing last week about how to settle an outstanding invoice with a building owner whose lessee went bankrupt. The details of the case don’t matter to this…
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Lean or TOC?
When looking at ways to improve businesses, managers have resorted to many methodologies over the years. People around long enough remember Total Quality, Just In Time, Manufacturing Resource Planning and their modern counterparts: Six Sigma, Lean and Enterprise Resource Planning. While we have heard of the companies that have benefited greatly from these efforts, it’s…
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How to Win When the Game Isn’t Fair
Imagine yourself a major league general manager. Now consider this: your top three players from last year have left the team for free agency because you cannot afford to match competing offers. Your owner wants to run the team like a business and set the payroll at $40 million (the three free agents that left…
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“Cost Accounting is Productivity’s Public Enemy Number One”
This quote comes from Thomas Corbett’s book “Throughput Accounting.” Corbett quoted this from the godfather of Theory of Constraints (TOC), Dr. Eliyahu M. Goldratt. This is a bold statement but is true. Cost accountants and business managers are not stupid, so how can this be? This blog explores these questions and proposes a solution. Why…
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From Chaos to Clarity – A Theory of Constraints True Story
This week I want to share a report on how we used the Theory of Constraints (TOC) to help a client rapidly turn around their operation. The details of the business have been changed to protect their privacy, but the rest of the story is true and has some great lessons for every business. The…