Theory of Constraints
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Title: Theory of Constraints

Essay Details:

Subject: Business
Author: Sadie W
Date: September 4, 2015
Level: University
Grade: A
Length: 6 / 1695

Essay text:

The Goal focuses on constraints as bottleneck processes in a job-shop manufacturing organization. However, many non-manufacturing constraints exist, such as market demand, or a sales department's ability to translate market demand into orders. The Theory of Constraints defines a set of tools that change agents can use to manage constraints, thereby increasing profits. Most businesses can be viewed as a linked set of processes that transform inputs into saleable outputs. TOC conceptually models this system as a chain, and advocates the familiar adage that a "chain is only as strong as its weakest link...

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