by Dr Lisa | POOGI Series, Theory of Constraints for Strategy
There is nothing as fundamentally important as having an Exit Plan. The purpose of exit planning is for owners to achieve their financial and lifestyle objectives after they leave their business. It covers when you plan to exit, how much you’ll want or need from a...
by Dr Lisa | Theory of Constraints Thinking Processes
TOC is a large body of knowledge. It’s very holistic. Underlying all of it, though, are a set of thinking processes. If you understand how to think, you can derive any number of the Theory of Constraints solutions. TOC Thinking is a process to recognize, verbalize,...
by Dr Lisa | Theory of Constraints Finance, Accounting, and Cash Flow
Brad: Who cares? Is this really that important? In the last 20+ years since Throughput Accounting was invented to replace cost accounting, not very many business owners have even heard of it, much less felt a need to change. Dr. Lisa: True. Most just went out of...
by Dr Lisa | POOGI Series, Theory of Constraints Finance, Accounting, and Cash Flow
Brad: So, the problem is that by using more time than estimated, there is less time left in the month to produce and ship the margin on subsequent jobs. Sometimes, what margin is shipped in total is less than the fixed costs for the month, and then there is a loss for...
by Dr Lisa | POOGI Series, Theory of Constraints Finance, Accounting, and Cash Flow, Theory of Constraints in Operations
Cost accounting is alive and well in American business (and around the world really), even though it is an invalid, old technology. The continued—and unquestioned—use of cost accounting has led directly to the loss of competitiveness and long-term decline of American...
