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Guest Session on Theory of Constraints

Introduction to basics of theory of constraint. Discussion on guidelines to identify constraints. 5 processes of process improvement Identify the system constraintDec Decide how to exploit the system constraint Subordinate everything else to the exploitation decision Elevate the…

9 April 202400

Introduction to basics of theory of constraint.
Discussion on guidelines to identify constraints.
5 processes of process improvement
Identify the system constraintDec
Decide how to exploit the system constraint
Subordinate everything else to the exploitation decision
Elevate the system constraint
If in the previous step has constraint then move to the first constraint
Discussion on Goals of Businesses.
Profit maximization
Cash flow maximization
ROI maximization
Case study on Theory of Constraint for Maximum Profit

Key Learnings
The basics of Theory of constraint
why it is important for business growth.
Deterrents of identifying constraint
(1) Silo thinking
(2) Blame game
(3) Cost based thinking
(4) Scarcity mindset.