Overview of the Theory of Constraints for Industry
About this book
A student guide for Overview of the Theory of Constraints for Industry. Workbook explains what TOC is starting with the analogy of a process as "a black box", where things go in (i.e. material and money) and things come out (aka finished goods out). It then expands upon this system in how it can me measured using Throughput Accounting principles of Throughput, Inventory, and Operating Expenses (T,I, OE). It then explores the application of TOC in developing the TOC soluction for production using the "5 Focusing Steps". In summary,is a set of logical tools known as the Thinking Processes and their applications. In industry the applications cover finance, production, engineering, distribution, marketing, sales, setting the strategic direction of the company, and, no less important, management skills.