Key Insights from "The Goal - A Process of Ongoing Improvement"
- The Theory of Constraints: The book introduces the Theory of Constraints (TOC), a management paradigm that views any manageable system as being limited by a small number of constraints.
- Identifying Bottlenecks: Identifying and improving bottlenecks is integral for improving overall productivity. The book emphasizes that not every resource needs to be fully utilized.
- Measurements of Success: The three metrics for measuring success in a manufacturing organization are throughput, inventory, and operational expense.
- Dependency and Statistical Fluctuations: These two elements are significant in manufacturing processes and can cause delays...