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Theory of Constraints (TOC) is an overall management philosophy that aims to continually achieve more of the goal of a system. If that system is a for-profit business, then the goal is to make more money, both now and in future. TOC consists of two primary collections of work:
- The five focusing steps and their application to operations;
- The Thinking Processes and their application to project management and
human behavior.
TOC Training Modules:
- Production: MRP, MRP II, ERP vs. TOC's Drum Buffer Rope, Buffer Management,
Throughput
- Finance: Activity based costing and TOC: Managing the money
- Project management: Critical path vs. TOC Critical Chain
- Distribution and supply chain: using TOC to optimize co-operation
- Marketing: Co-operation, segmentation, and TOC's "unrefuseable offer" to customers
- People: Getting new ideas considered and implemented while maintaining stability,
balancing responsibility and authority
- Strategy: Applying TOC to insure continuous employee satisfaction, sustained
growth, & success.
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