by Dr Lisa | POOGI Series, Theory of Constraints Finance, Accounting, and Cash Flow
The core idea in the Theory of Constraints (TOC) is that every real system, such as a for-profit business, must have at least one constraint. If it were not true, then the system would produce an infinite amount of net profit. Because a constraint is a factor that...
by Dr Lisa | Theory of Constraints for Strategy
Tom Foster of ManagementBlog.org interviewed me and this is the installment of that interchange. We talked about problem solving and figuring out where to focus. — Start interview A couple of weeks ago, I got to spend some time with Dr. Lisa Lang about one of...
by Dr Lisa | POOGI Series, Theory of Constraints in Operations
Up to this point, we provided an overview of Goldratt’s TOC (Theory of Constraints), the business improvement process methodology described in the popular business novel The Goal. Perhaps you’ve had the opportunity to take our recommendation from last month and...
by Dr Lisa | POOGI Series, Theory of Constraints Finance, Accounting, and Cash Flow, Theory of Constraints in Operations
Most companies don’t have processes in place to sell twice what they are selling now, so it is necessary to develop a compelling, un-refusable “Mafia Offer”. A Mafia Offer is an offer so good that your customer can’t refuse it and your competition can’t or won’t offer...
by Dr Lisa | POOGI Series, Theory of Constraints in Operations
TOC comprises a complete set of tools to support “A Process of Ongoing Improvement” or POOGI. Her are some of those tools: · For operations, there is Drum-Buffer-Rope scheduling · For projects, there is Critical Chain Project Management · For finance and measures,...
