Theory of Constraints Decision-making Tools
-- ViewingNowThe Theory of Constraints (TOC) Decision-making Tools certificate course is a powerful program designed to provide professionals with essential skills in strategic decision-making and process improvement. This course focuses on TOC, a methodology that helps organizations identify and eliminate constraints to achieve significant improvements in productivity, profitability, and customer satisfaction.
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• Introduction to Theory of Constraints (TOC): Understanding the principles and goals of TOC, and the five focusing steps.
• Identifying the Constraint: Methods for detecting and prioritizing the system's bottleneck or limiting factor.
• Exploiting the Constraint: Maximizing the throughput and performance of the constraint using various tools and techniques.
• Subordinating to the Constraint: Aligning the entire system's operations and policies to support the constraint's performance.
• Elevating the Constraint: Investing in and implementing solutions to increase the constraint's capacity or eliminate it altogether.
• Decision-making Tools in TOC: Overview of the key decision-making tools in TOC, such as Throughput Accounting, Drum-Buffer-Rope (DBR), and Critical Chain Project Management (CCPM).
• Throughput Accounting: Understanding the differences between traditional cost accounting and TOC's Throughput Accounting, including the three measures of financial performance: Throughput, Inventory, and Operating Expense.
• Drum-Buffer-Rope (DBR): Learning the principles and implementation of DBR, a TOC method for production scheduling and control.
• Critical Chain Project Management (CCPM): Exploring the TOC approach to project management, focusing on the critical chain, buffer management, and project execution strategies.
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