The Theory of Constraints and Its Implications for Management Accounting

The Theory of Constraints and Its Implications for Management Accounting PDF

Author: Eric Noreen

Publisher: Gower Publishing Company, Limited

Published: 1995

Total Pages: 216

ISBN-13: 9780566077432

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The core idea at the centre of this work is that every system, organization or department has at least one constraint - a weak link in the chain that limits the effectiveness of the whole. Identifying and strengthening the weakest link is the surest way of improving performance.

The Goal

The Goal PDF

Author: Eliyahu M. Goldratt

Publisher: Routledge

Published: 2016-08-12

Total Pages: 471

ISBN-13: 1351982117

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Alex Rogo is a harried plant manager working ever more desperately to try and improve performance. His factory is rapidly heading for disaster. So is his marriage. He has ninety days to save his plant - or it will be closed by corporate HQ, with hundreds of job losses. It takes a chance meeting with a colleague from student days - Jonah - to help him break out of conventional ways of thinking to see what needs to be done. Described by Fortune as a 'guru to industry' and by Businessweek as a 'genius', Eliyahu M. Goldratt was an internationally recognized leader in the development of new business management concepts and systems. This 20th anniversary edition includes a series of detailed case study interviews by David Whitford, Editor at Large, Fortune Small Business, which explore how organizations around the world have been transformed by Eli Goldratt's ideas. The story of Alex's fight to save his plant contains a serious message for all managers in industry and explains the ideas which underline the Theory of Constraints (TOC) developed by Eli Goldratt. Written in a fast-paced thriller style, The Goal is the gripping novel which is transforming management thinking throughout the Western world. It is a book to recommend to your friends in industry - even to your bosses - but not to your competitors!

Theory of Constraints Handbook

Theory of Constraints Handbook PDF

Author: James F. Cox

Publisher: McGraw Hill Professional

Published: 2010-05-06

Total Pages: 1214

ISBN-13: 0071665552

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The definitive guide to the theory of constraints In this authoritative volume, the world's top Theory of Constraints (TOC) experts reveal how to implement the ground-breaking management and improvement methodology developed by Dr. Eliyahu M. Goldratt. Theory of Constraints Handbook offers an in-depth examination of this revolutionary concept of bringing about global organization performance improvement by focusing on a few leverage points of the system. Clear explanations supplemented by examples and case studies define how the theory works, why it works, what issues are resolved, and what benefits accrue, and demonstrate how TOC can be applied to different industries and situations. Theory of Constraints Handbook covers: Critical Chain Project Management for realizing major improvements in delivering projects on time, to specification, and within budget Drum-Buffer-Rope (DBR), Buffer Management, and distribution for maximizing throughput and minimizing flow time Performance measures for applying Throughput Accounting to improve organizational performance Strategy, marketing, and sales techniques designed to increase sales closing rates and Throughput Thinking Processes for simple and complex environments TOC methods to ensure that services actions support escalating demand for services while retaining financial viability Integrating the TOC Thinking Processes, the Strategy and Tactic Tree, TOC measurements, the Five Focusing Steps of TOC, and Six Sigma as a system of tools for sustainable improvement

The World of the Theory of Constraints

The World of the Theory of Constraints PDF

Author: Victoria J Mabin

Publisher: CRC Press

Published: 2020-04-27

Total Pages: 240

ISBN-13: 1000170179

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The Theory of Constraints (TOC) - as developed by Dr. Eliyahu Goldratt - has seen a rapid expansion since the publication of his book, The Goal. As with most fast growing areas, you can quickly feel out of touch with new developments. The World of the Theory of Constraints provides a summary of recently published research on TOC. The authors explored databases, and sought out papers and books drawing on as wide a range as possible. Aside from the works by Dr. Goldratt himself, the authors focus on items published since 1990, highlighting the most recent developments in TOC. The scope of the material covers works containing specific reference to TOC, including Synchronous Manufacturing and Constraint Management. The book is organized into three sections. The first section contains an analysis and interpretation of the results of the search. The second provides abstracts on all the material. The third supplies author, keyword, and subject indexes along with a list of books, journals, websites, and publishers. Extensively researched and referenced, The World of the Theory of Constraints furnishes comprehensive material on TOC. The multi-search approach has made this arguably the most exhaustive bibliography on this subject available. If you are researching TOC, this is the best place to start. If you use or teach TOC, you will want this resource. Features

Goldratt and the Theory of Constraints

Goldratt and the Theory of Constraints PDF

Author: Uwe Techt

Publisher: Columbia University Press

Published: 2014-06-01

Total Pages: 175

ISBN-13: 3838267370

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Businessmen and managers, consultancy clients, readers of the Goldratt novels, and workshop attendees often ask: What is this Theory of Constraints? How can it benefit me? How is it different from other management theories? Is there something I can read to quickly understand its fundamentals? This book is an answer to these questions. Using engaging language and offering many real-life examples, it provides an overview of the methods and tools of the Theory of Constraints: Drum-Buffer-Rope, Buffer Management, Throughput Accounting, Pull Distribution, Irresistible Offer, Corporate Strategy, and Viable Vision. You will learn how to recognize and use constraints, how to complete projects quickly and reliably, and how to gain a competitive lead and to turn it into profit.

Introduction to the Theory of Constraints (TOC) Management System

Introduction to the Theory of Constraints (TOC) Management System PDF

Author: Thomas B. McMullen, Jr

Publisher: CRC Press

Published: 1998-04-13

Total Pages: 324

ISBN-13: 9781574440669

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Introducing an important new expression of management science called the Theory of Constraints (TOC), this book helps busy executives and professionals quickly learn and implement TOC principles. Introduction to the Theory of Constraints (TOC) Management System organizes several proven TOC principles, processes, and solutions into a TOC management system that has been successfully applied to everything from manufacturing industries to health care. The Theory of Constraints is based on the scientific method that has been developed and refined for nearly three decades by Dr. Eli Goldratt. The TOC management system offers management techniques that are sound, practical, and can be applied to nearly every company, project, or personal endeavor imaginable. It has created fundamentally new ways of managing, and has dramatically improved the ability of hundreds of thousands of individuals to make smart decisions on a daily basis. If you've read Eli Goldratt's bestselling books and wondered how to put his ideas to work, Introduction to the Theory of Constraints (TOC) Management System tells what TOC is, where it came from, who uses it, and how to get started with it.

The Measurement Nightmare

The Measurement Nightmare PDF

Author: Debra Smith

Publisher: CRC Press

Published: 1999-12-22

Total Pages: 216

ISBN-13: 9781574442465

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Today's competitive environment requires that companies distinguish themselves in the marketplace using factors other than prices. Companies that excel at on-time delivery, short cycle/leadtime, quality, and fast response to the market gain a competitive edge - and have the ability to market based on these features. A proven approach to achieve this is the Theory of Constraints (TOC) production solution known, as drum-buffer-rope scheduling. Just in time (JIT), Total Quality Management (TQM) and other philosophies aim at exploiting these competitive edge factors. However, accounting systems, financial, and incentive measurements continue to be the biggest stumbling blocks to companies wishing to improve their financial performance with these tools. Agreement on the need for a measurement system that encourages local actions in line with bottom line results is common, but solutions have remained elusive. Whether a company is pursuing JIT, TQM, or TOC, cost accounting is the common enemy. Attempts have been made to introduce "new" costing methods such as activity based costing and economic value added, but they have failed to recognize the basic difference between product costing for financial statement purposes and collective management information to make real time decisions. The Measurement Nightmare shows you how to resolve the conflicts and remove the accounting systems, financial, and incentive measurement roadblocks to adopting TOC, thereby gaining improved performance and sustaining competitive advantage. The techniques that the author, leading authority Debra Smith, has implemented and tracked at various companies highlight "the productivity measurement nightmare". Especially important are the day-to-day tools she developed to ensure successful implementation.