Dr. Lisa: Each employee has a life outside his or her job in a business. They have family, financial and other pressures. Time off is sometimes needed. Brad: Of course, but business owners have to run the business to satisfy their customers, as well as make enough...
Project Velocity System is Critical Chain Project Management based on Goldratt Theory of Constraints. This Theory of Constraints video on Goldratts Critical Chain Project Management CCPM explains how to get MORE projects DONE faster. This video covers 1) why it’s so...
So how do we get the key people in a highly custom job shop to do the totally counter intuitive steps of the Velocity Scheduling System (based on Theory of Constraints Simplified Drum Buffer Rope)? Well, instead of pushing the steps of a system they don’t understand,...
In Theory of Constraints we follow a process to improve. First we decide "what to change". To do this, of course, we need to agree on the problem(s). Once we have consensus on the problem we then work on the solution or "what to change to". And after that, we decide...
Brad: Aren’t customers the real problem? Supplying incomplete information to the engineers, late? Dr. Lisa: Blaming customers won’t solve the problem, although what you say is often true and they are a large source of variability. Brad: So what is the real problem,...
Brad: It’s been three years since we joined NTMA as National Associate Members. Shortly after we joined, after seeing the benefits Theory of Constraints (TOC) could have for NTMA members, you developed the “Velocity Scheduling System.” It is for scheduling machine...
Brad: Next, we have a choice. Most business owners have a desire to transfer the business to one or more "insiders", but the business may be worth more and the business owner would make more money sooner if the business was sold to a third party. So, it's helpful to...
SERVICE COMPANIES! I'm looking for 5 service companies to test our Project Velocity System starting sometime TBD in March. You know the 5 circles demonstration I do in my Maximizing Profitability workshop? -- this is the version for service companies! It's a...
Dr. Lisa: Let me start. We established in our last article that Exit Planning is consistent with Theory of Constraints, Lean and Six Sigma because business owners need processes that will increase profitability and business value. So now, let's help business owners...
Dr. Lisa: What’s the impact of the economy on exit planning? If sales are down due to a depressed economy, how does that impact exit planning? Brad: Unless the business managed to maintain its sales and profit levels and growth rates, the business is probably less...
