Eliyahu M. Goldratt was a thinker who provoked others to think. Often characterized as unconventional and stimulating, he urged his audience to examine their business practices with a fresh vision. He is best known as the father of the Theory of Constraints (TOC), a process of ongoing improvement that identifies and leverages a system’s constraints to achieve its goals. He introduced TOC's underlying concepts in his business novel, which became a worldwide bestseller and has been translated into 35 languages.
First described by the internationally acclaimed bestselling author of this book, Eli Goldratt, The Theory of Constraints (TOC) is a process of ongoing improvement. Through a conversation with his daughter Efrat, he explains to her and the reader his fundamental system of beliefs in an engaging dialogue that brings the theory to life.
This book does for retail what Goldratt's International best-seller did for manufacturing. A breakthrough solution is exposed when some unexpected events force Caroline and Paul, a married couple working for their family's retail business, to make a few small changes in the way things are done. A solution that propels the family's regional chain of stores into a very profitable, rapidly growing, international enterprise. If there is a hint of Jonah, from THE GOAL, reappearing in this novel, it is Henry, the soon-to-retire president and majority owner of the company who logically states that, if you do not deal directly with the core problem, don't expect significant improvement. Eli Goldratt's Theory of Constraints is woven throughout this book but answers are not handed to you. The reader, along with the characters in the book, work through the process together to discover solutions.
This is a "management" novel that shows how to put powerful logical tools into effect at work to produce win-win solutions to seemingly impossible problems. The author also wrote "The Goal".
This collection of essays was originally published in The Journal on the Theory of Constraints.
Resource added for the Supply Chain Management program 101821.
A must for every manager concerned with meeting the challenges of the 21st century. You'll see the differences between data and information in a new light, and understand precisely how misunderstanding those differences can affect the quality of your decision-making process. Starting with the structure of an organization, 'The Haystack Syndrome' ends with a detailed description of the logic that must underpin the information system for any organization to maximize effectiveness. Part One - Formalizing the Decision Process - Defining the goal, the measurements, and how to continuously improve the whole system - the Theory of Constraints; Part Two - The Architecture of an Information System - Dealing with information as it relates to the real world; quantifying Murphy, the time-buffer concept, directing process improvements, measuring local performance; Part Three - Scheduling - how to implement a real process of ongoing improvement requiring interplay between the system and the manager, resolving all conflicts, considering capacity and protection.
An examination of production and operations management in the form of a novel.
Theory of Constraints walks you through the crucial stages of a continuous program: the five steps of focusing; the process of change; how to prove effect-cause-effect; and how to invent simple solutions to complex problems. Equally important, the author reveals the devastating impact that an organization's psychology can have on the process of improvements. Theory of Constraints is a crucial document for understanding what it takes to achieve manufacturing breakthroughs.
Eliyahu M. Goldratt is the author of 'The Goal' and 'It's Not Luck', books which use fictional characters to illustrate business concepts. Using the same format, this book looks at the fundamental principles of project management.
This collection of Late Night Discussions originally appeared as a monthly column in Industry Week magazine.