The Theory of Constraints (TOC) can be applied in various ways in a business setting. For instance, in manufacturing, TOC can be used to identify bottlenecks in the production process and take steps to alleviate them, thereby increasing throughput. In project management, TOC can help in prioritizing tasks based on their impact on the overall project timeline. In supply chain management, TOC can be used to manage inventory levels and avoid overstocking or understocking situations. In the context of strategic management, TOC can guide decision-making by focusing on the constraints that limit the organization's ability to achieve its goals.
The Goal uses simple reasoning as a tool to teach the Theory of Constraints (TOC) by presenting the...
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