by Dr Lisa | maximizing profitability, theory of constraints, throughput
This is the eighth conversation in our Maximizing Profitability the Theory of Constraints (TOC) Way series. To read number 7, go here: https://www.scienceofbusiness.com/maxprofit7/ Brad: “Theory of Constraints (TOC) is unique with its emphasis on Throughput, the...
by Dr Lisa | maximizing profitability, theory of constraints
This is the seventh in the series of conversations. To read number 6, go here: https://www.scienceofbusiness.com/theory-of-constraints-mafia-offer-reducing-wip-in-marketing/ TOC Community has answer for serious Low-T issue Brad: I’ve heard it’s a big, widespread...
by Dr Lisa | Elliott Jaques, Management Skills Blog, maximizing profitability, theory of constraints, theory of constraints overview, time span handbook, tom foster
Q6 Dr Lisa: Are there some basic questions our clients can use to assess the “time span of discretion” for an individual? Tom: In his Time Span Handbook, Elliott Jaques outlines ten questions for a diagnostic interview. While most diagnostics, related to employment,...
by Dr Lisa | critical chain, Dr Lisa Lang, excess capacity, goldratt, it's not luck, maximizing profitability, the goal, theory of constraints, throughput accounting, truly variable costs, viable vision
Question: How much excess capacity do you need to have to make a Viable Vision viable? Answer: It depends. Squeezing more capacity out of your existing operation without investment is relatively easy (you read about it in The Goal, Its Not Luck, and Critical Chain)....
by Dr Lisa | 80/20 Rule, 99/1 Rule, constraint, Dr Lisa Lang, goldratt, Juran, maximizing profitability, pareto principle, theory of constraints
Question: You mention in your speech that TOC (Goldratt’s Theory of Constraints) is about the 99/1 Rule, not the 80/20 Rule. Can you explain that? Answer: Let’s start by talking about the 80/20 Rule. The 80/20 Rule, also called the Pareto Principle was made...
by Dr Lisa | cash flow, cash to cash cycle time, cash velocity, Dr Lisa Lang, goldratt, increase throughput, maximizing cash flow, maximizing profitability, theory of constraints
Continuing our cash velocity discussion started on March 16, 2007 Cash Velocity Summary There are two cash velocity rules: ● Make sure that the amount and rate of cash flowing in is enough to cover all your business and personal needs ● Be paranoid. Unfortunately,...
