Theory of Constraints
Theory of Constraints is a philosophy of management and improvement originally developed by Dr. Eliyahu M. Goldratt in his 1984 book titled The Goal. Theory of Constraints is almost like a chain with a weak link, and in any complex system
There is often at least one aspect of the system that is limiting it from achieving more of its goal. This theory is really a collection of methods for solving the problem of improving overall system performance. It is called the theory of constraints because it is believed that any manageable system is limited in accomplishing its goal only because of a small number of constraints. Although you may be able to lessen the amount of constraints there will at least always be one.
A constraint is described as anything that prevents a system from accomplishing its goal completely. Constraints can be either internal or Continue reading ‘Theory of Constraints’ »