- Introduction to basics of theory of constraint.
- Discussion on guidelines to identify constraints.
- 5 processes of process improvement
- Identify the system constraintDec
- Decide how to exploit the system constraint
- Subordinate everything else to the exploitation decision
- Elevate the system constraint
- If in the previous step has constraint then move to the first constraint
- Discussion on Goals of Businesses.
- Profit maximization
- Cash flow maximization
- ROI maximization
- Case study on Theory of Constraint for Maximum Profit
Key Learnings - The basics of Theory of constraint
- why it is important for business growth.
- Deterrents of identifying constraint
- (1) Silo thinking
- (2) Blame game
- (3) Cost based thinking
- (4) Scarcity mindset.
