Theory of Constraints
The “Theory of Constraints” is the management philosophy of Eliyahu M. Goldratt. He introduced it in his 1984 book, The Goal. The overall premise is that a system can only produce as fast as the slowest step. The throughput of the system, therefore, can be improved with a focused effort to improve that step, the constraint. Bottlenecks In the theory of constraints, the primary improvement effort is always to identify and streamline the bottleneck. Any Read more…
